Segregated portfolio trigger date set as restructuring proposal; immediate reporting obligations and temporary applicability until year-end. The date an AMC receives a proposal for debt restructuring shall be treated as the trigger date for creation of a segregated portfolio; AMCs must immediately report such proposals to Valuation Agencies, Credit Rating Agencies, Debenture Trustees and AMFI, which will disseminate the information to members; other provisions of prior SEBI circulars on segregation and the Prudential Framework remain applicable; the modification is effective immediately for a temporary period and issued under Section 11(1) of the SEBI Act read with Regulation 77.
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Provisions expressly mentioned in the judgment/order text.
Segregated portfolio trigger date set as restructuring proposal; immediate reporting obligations and temporary applicability until year-end.
The date an AMC receives a proposal for debt restructuring shall be treated as the trigger date for creation of a segregated portfolio; AMCs must immediately report such proposals to Valuation Agencies, Credit Rating Agencies, Debenture Trustees and AMFI, which will disseminate the information to members; other provisions of prior SEBI circulars on segregation and the Prudential Framework remain applicable; the modification is effective immediately for a temporary period and issued under Section 11(1) of the SEBI Act read with Regulation 77.
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