Mutual Fund compliance: SEBI updates dividend delay interest, plan-launch, advertising, and employee trading rules for AMCs and trustees. AMCs must pay interest for failure to dispatch dividend warrants within 30 days and report interest paid; collateral valuation for stock lending is deleted and funds must follow SEBI/Exchange guidance; consolidation records must be maintained within 21 days of exit-option closure; materially different additional plans must be new schemes while consistent plans may be launched via addendum filed 21 days in advance and approved by AMC and trustees; employee prior-approval holding period reduced to 7 days; tombstone advertisements limited to basic information with SID/SAI accompanying; disclosures change to compounded annualized yield; money market performance adverts may use 30-, 15- or 7-day simple annualized returns.
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Mutual Fund compliance: SEBI updates dividend delay interest, plan-launch, advertising, and employee trading rules for AMCs and trustees.
AMCs must pay interest for failure to dispatch dividend warrants within 30 days and report interest paid; collateral valuation for stock lending is deleted and funds must follow SEBI/Exchange guidance; consolidation records must be maintained within 21 days of exit-option closure; materially different additional plans must be new schemes while consistent plans may be launched via addendum filed 21 days in advance and approved by AMC and trustees; employee prior-approval holding period reduced to 7 days; tombstone advertisements limited to basic information with SID/SAI accompanying; disclosures change to compounded annualized yield; money market performance adverts may use 30-, 15- or 7-day simple annualized returns.
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