Extension of deadline for implementation of the circular on Stewardship Code for all Mutual Funds and all categories of AIFs due to the CoVID– 19 pandemic
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Stewardship code extension delays compliance deadline for mutual funds and AIFs due to COVID-19 operational disruptions. Extension of the implementation deadline for the Stewardship Code governing investments in listed equities by mutual funds and all categories of alternative investment funds is granted due to COVID-19-related operational constraints that impede monitoring and engagement with investee company management and boards. The postponement of the Code's effective date is issued pursuant to the regulator's statutory powers under the applicable fund regulatory framework and the circular directs stakeholders to the published notice for compliance reference.
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Stewardship code extension delays compliance deadline for mutual funds and AIFs due to COVID-19 operational disruptions.
Extension of the implementation deadline for the Stewardship Code governing investments in listed equities by mutual funds and all categories of alternative investment funds is granted due to COVID-19-related operational constraints that impede monitoring and engagement with investee company management and boards. The postponement of the Code's effective date is issued pursuant to the regulator's statutory powers under the applicable fund regulatory framework and the circular directs stakeholders to the published notice for compliance reference.
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