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<h1>Corporate Debt Market Development Fund: SEBI Approval Required for Launch and Winding Up Under New Regulations</h1> The Corporate Debt Market Development Fund (CDMDF) is established as a Trust, with its trust deed registered under the Indian Registration Act, 1908. It must register as an Alternative Investment Fund per Chapter II of the SEBI regulations. The placement memorandum is to be filed with SEBI, and any comments from SEBI must be incorporated before the fund's launch. The CDMDF is a close-ended fund with a 15-year tenure, extendable with SEBI's approval. Winding up the fund also requires SEBI's prior approval. These provisions were introduced via a notification dated June 15, 2023.