Circular on Prudential norms for liquidity risk management for open ended debt schemes (Circular dated – 25.06.2021) – SEBI
View PdfCircular on Prudential norms for liquidity risk management for open ended debt schemes (Circular dated – 25.06.2021) – SEBI
- This framework specified by AMFI as referred under para 2 shall come into force with effect from December 1, 2021, for all the existing open ended debt schemes (except Overnight Fund, Gilt Fund and Gilt Fund with 10 year constant duration) and schemes to be launched on or thereafter. However, mutual funds may at their discretion, choose to adopt the framework specified by AMFI before the effective date.
- This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
