RFQ platform obligation: AIFs must execute a prescribed portion of corporate bond secondary trades via RFQ, with intra AIF trades one to one. AIFs must route a prescribed portion of their monthly secondary market corporate bond trades through the RFQ platform to improve liquidity and transparency. Trades in which an AIF is on both sides must be executed in one-to-one RFQ mode; executions arising from one-to-many RFQ interaction with another AIF will be counted as one-to-many transactions. The mandate is issued under SEBI's regulatory powers and takes effect from the announced implementation date.
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 obligation: AIFs must execute a prescribed portion of corporate bond secondary trades via RFQ, with intra AIF trades one to one.
AIFs must route a prescribed portion of their monthly secondary market corporate bond trades through the RFQ platform to improve liquidity and transparency. Trades in which an AIF is on both sides must be executed in one-to-one RFQ mode; executions arising from one-to-many RFQ interaction with another AIF will be counted as one-to-many transactions. The mandate is issued under SEBI's regulatory powers and takes effect from the announced implementation date.
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