RFQ platform usage requirement increases exchange liquidity by mandating mutual funds to route a portion of corporate bond trades via RFQ. Mutual funds must route a prescribed portion of secondary market corporate bond trades through the stock exchange RFQ platform in one to many mode (with a rolling three month average calculation); trades where a mutual fund is on both sides must use RFQ one to one mode, and inter mutual fund executions on RFQ one to many count toward the requirement. Debt scheme disclosures must be made fortnightly within five days of each fortnight and additionally include the yield of each instrument in the prescribed format.
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.
RFQ platform usage requirement increases exchange liquidity by mandating mutual funds to route a portion of corporate bond trades via RFQ.
Mutual funds must route a prescribed portion of secondary market corporate bond trades through the stock exchange RFQ platform in one to many mode (with a rolling three month average calculation); trades where a mutual fund is on both sides must use RFQ one to one mode, and inter mutual fund executions on RFQ one to many count toward the requirement. Debt scheme disclosures must be made fortnightly within five days of each fortnight and additionally include the yield of each instrument in the prescribed format.
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