https://www.taxtmi.com/circulars?id=60317 Amortisation based valuation for non traded short term money market and debt securities is confined to securities with reduced residual maturity; the amortised price must be compared to the average security level reference price provided by valuation agencies and used only if within a 0.025% threshold, otherwise adjusted. Securities rated below investment grade shall be valued at prices from valuation agencies or, pending such prices after a credit event, by applying agency indicative haircuts; traded prices lower than the post haircut or computed agency price must be used where applicable. Deviations by AMCs require recorded rationale, board/trustee reporting and immediate investor disclosure. en-us Fri, 22 Mar 2019 00:00:00 +0530 Sat, 23 Mar 2019 13:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60317 Amortisation based valuation for non traded short term money market and debt securities is confined to securities with reduced residual maturity; the amortised price must be compared to the average security level reference price provided by valuation agencies and used only if within a 0.025% threshold, otherwise adjusted. Securities rated below investment grade shall be valued at prices from valuation agencies or, pending such prices after a credit event, by applying agency indicative haircuts; traded prices lower than the post haircut or computed agency price must be used where applicable. Deviations by AMCs require recorded rationale, board/trustee reporting and immediate investor disclosure. Circulars SEBI Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60317