https://www.taxtmi.com/news?id=22804 SEBI directs Franklin Templeton to prioritize returning investor money due to concentrated exposures in opaque unlisted debt. Following credit events since September 2018, SEBI formed working groups and, via MFAC recommendations, approved phased prudential norms requiring fresh investments only in listed NCDs and listed CPs, while allowing limited unlisted NCD exposure subject to simple structure, rating, security and monthly coupon conditions. SEBI set compliance timelines, permitted grandfathering of existing unlisted holdings until maturity, extended dates for COVID disruptions, and criticized schemes that failed to rebalance high-risk unlisted concentrations. en-us Fri, 08 May 2020 17:12:05 +0530 Fri, 08 May 2020 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22804 SEBI directs Franklin Templeton to prioritize returning investor money due to concentrated exposures in opaque unlisted debt. Following credit events since September 2018, SEBI formed working groups and, via MFAC recommendations, approved phased prudential norms requiring fresh investments only in listed NCDs and listed CPs, while allowing limited unlisted NCD exposure subject to simple structure, rating, security and monthly coupon conditions. SEBI set compliance timelines, permitted grandfathering of existing unlisted holdings until maturity, extended dates for COVID disruptions, and criticized schemes that failed to rebalance high-risk unlisted concentrations. News - Fri, 08 May 2020 17:12:05 +0530 https://www.taxtmi.com/news?id=22804