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<h1>SEBI Amends Collective Investment Schemes Regulations: New Registration Rules, Dematerialization, and KYC Compliance Required.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Collective Investment Schemes Regulations, 1999, effective from January 9, 2014. Key changes include replacing the term 'scheme' with 'collective investment scheme' and omitting clause (y) in regulation 2. A new regulation, 4A, mandates registration for schemes deemed collective investment schemes under section 11AA of the Act. Amendments also require collective investment management companies to dematerialize units, ensure payments through non-cash channels, and comply with KYC norms. Existing schemes must apply for provisional registration and adhere to Chapter IX provisions.