Applicability of passive funds compliance clause becomes effective following stakeholder feedback, aligning with regulatory authority powers. The addendum announces that clause 2(IV)(A) of the earlier circular on development of passive funds will be made applicable from the revised implementation date, following stakeholder feedback; the circular is issued under the regulator's statutory powers to protect investors and to regulate and develop the securities market under the mutual fund regulation provision cited.
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Applicability of passive funds compliance clause becomes effective following stakeholder feedback, aligning with regulatory authority powers.
The addendum announces that clause 2(IV)(A) of the earlier circular on development of passive funds will be made applicable from the revised implementation date, following stakeholder feedback; the circular is issued under the regulator's statutory powers to protect investors and to regulate and develop the securities market under the mutual fund regulation provision cited.
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