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of <h1>SEBI Updates Mutual Fund Reporting: New Quarterly Reports Replace Bi-monthly and Half-yearly Compliance Certificates for AMCs.</h1> The Securities and Exchange Board of India (SEBI) issued a circular revising the reporting formats for mutual funds. The Bi-monthly and Half-yearly Compliance Certificates from Asset Management Companies (AMCs) to Trustees are discontinued, with their content integrated into a new Quarterly Report. AMCs must submit this report to Trustees by the 21st day of the month following each quarter. The Compliance Test Report to SEBI is now quarterly, aligning with the Quarterly Report schedule. Trustees must submit a revised Half Yearly Trustee Report to SEBI, detailing corrective actions for non-compliance. These changes take effect from the June 2021 quarter and March 2021 half-year.
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