Sector exposure limits tightened; issuer and group concentration curbs imposed with mandatory trustee half yearly review and reporting. The circular tightens concentration limits for debt schemes by reducing issuer-level investment limits with conditional board-approved extensions, revising sector exposure caps and introducing group-level exposure limits (with a board-approved increase mechanism), imposing rating and registration conditions for additional Housing Finance Company exposure, requiring half-yearly trustee review and confirmation of aggregate exposures, and making the revised rules immediately applicable to new schemes and fresh investments while existing open-ended schemes must comply within one year.
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Sector exposure limits tightened; issuer and group concentration curbs imposed with mandatory trustee half yearly review and reporting.
The circular tightens concentration limits for debt schemes by reducing issuer-level investment limits with conditional board-approved extensions, revising sector exposure caps and introducing group-level exposure limits (with a board-approved increase mechanism), imposing rating and registration conditions for additional Housing Finance Company exposure, requiring half-yearly trustee review and confirmation of aggregate exposures, and making the revised rules immediately applicable to new schemes and fresh investments while existing open-ended schemes must comply within one year.
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