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The securities regulator issues a circular to mutual fund asset managers, registrars, depositories, participants, and the mutual fund industry association, deferring implementation of Phase III of the revamped nomination framework. Earlier circulars had staggered implementation across three phases, with Phase III last extended to December 15, 2025, due to operational challenges. Following further stakeholder representations seeking re-examination of structural implications and additional time for system and process changes, the Phase III timeline is now deferred beyond December 15, 2025, to a date to be notified later. All other provisions of the earlier nomination-related circulars remain unchanged and in force.
The securities regulator issues a circular to mutual fund asset managers, registrars, depositories, participants, and the mutual fund industry association, deferring implementation of Phase III of the revamped nomination framework. Earlier circulars had staggered implementation across three phases, with Phase III last extended to December 15, 2025, due to operational challenges. Following further stakeholder representations seeking re-examination of structural implications and additional time for system and process changes, the Phase III timeline is now deferred beyond December 15, 2025, to a date to be notified later. All other provisions of the earlier nomination-related circulars remain unchanged and in force.
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