Investment compliance in money market instruments: mutual funds must meet issuer exposure limits within regulator's prescribed transition period. Where existing schemes hold money market instruments of an issuer not in conformity with the amendment, the asset management company must ensure compliance within the specified transition period; the circular is issued under Section 11(1) of the SEBI Act read with Regulation 77 of the SEBI (Mutual Funds) Regulations to protect investors and regulate the market.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment compliance in money market instruments: mutual funds must meet issuer exposure limits within regulator's prescribed transition period.
Where existing schemes hold money market instruments of an issuer not in conformity with the amendment, the asset management company must ensure compliance within the specified transition period; the circular is issued under Section 11(1) of the SEBI Act read with Regulation 77 of the SEBI (Mutual Funds) Regulations to protect investors and regulate the market.
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