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of <h1>SEBI Shortens Public Consultation Period for Draft Scheme Information Documents by Asset Management Companies to 8 Days.</h1> The Securities and Exchange Board of India (SEBI) has revised the requirements for the public consultation process on Draft Scheme Information Documents (SID) by Asset Management Companies (AMCs). Previously, SIDs were required to be available on SEBI's website for 21 working days for public comments. This period is now reduced to at least 8 working days following SEBI's observations. The changes modify specific clauses in the Master Circular on Mutual Funds, with immediate effect, to enhance investor protection and streamline the process. This circular is issued under SEBI's regulatory authority to oversee the securities market.
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