Amended notification of the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021 (dated – 05.08.2021) – SEBI

• 06th, August 2021
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Amended notification of the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021 (dated – 05.08.2021) – SEBI

• They shall come into force on the 270th day from the date of their publication in the Official Gazette.
• In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,–
• After sub-regulation (16) of regulation 25, the following shall be inserted, namely,-
• “(16A) the asset management company shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time.”
• Sub-regulation (4) of regulation 28 shall be deleted.
• Regulation 76 shall be substituted with the following, namely, “Action by the Board. ETC.