SEBI vide Press Release dated December 06, 2020 has released the decisions taken by the board meeting held on the same day. The board has decided to introduce following revisions to SEBI Regulations:
- Amendments to SEBI (Mutual Funds) Regulations, 1996 to introduce eligibility criteria for sponsoring a mutual fund.
- Amendments to SEBI (ICDR) Regulations, 2018 to do away with the applicability of Minimum Promoters’ Contribution and the subsequent lock in requirements for issuers making a Further Public Offer.
- Amendment to SEBI (Investment Advisers) Regulations, 2013 (IA Regulations) requiring Investment Advisers (IA) to seek membership of a body recognized by SEBI for administration and supervision of IAs under IA Regulations.
- Amendment to SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations) to provide certain exemptions to AIFs in respect of Investment Committee member requirements.
- Amendments to the Securities and Exchange Board of India (Intermediaries) Regulations 2008 to avoid the duplicity of proceedings before the Designated Authority and the Designated Member.
- Repeal of Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003.
