Uniform NAV cut-off timings clarified to adjust valuation timing, disclosure filing, and liquid scheme valuation rules for compliance. Uniform cut-off timings for applicability of Net Asset Value require postponement of implementation and notification deadlines, permit filing of addenda to offer documents without treating achievable investment-focus disclosures as fundamental changes, replace references to same-day closing NAV with the closing NAV of the day immediately preceding the next business day for liquid schemes, treat money-market-closed days as non-business days, exclude money market instruments from mark-to-market calculations for liquid schemes, and require portfolio securities to have repricing tenors of one year or less.
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Uniform NAV cut-off timings clarified to adjust valuation timing, disclosure filing, and liquid scheme valuation rules for compliance.
Uniform cut-off timings for applicability of Net Asset Value require postponement of implementation and notification deadlines, permit filing of addenda to offer documents without treating achievable investment-focus disclosures as fundamental changes, replace references to same-day closing NAV with the closing NAV of the day immediately preceding the next business day for liquid schemes, treat money-market-closed days as non-business days, exclude money market instruments from mark-to-market calculations for liquid schemes, and require portfolio securities to have repricing tenors of one year or less.
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