The Securities and Exchange Board of India (SEBI) has announced new relief measures to reduce the compliance burden on market participants amid the coronavirus pandemic. To protect the interests of investors in securities and to promote the development of, and to regulate the securities market, SEBI has allowed extension in timelines for certain disclosures and implementation of certain policy initiatives pertaining to Mutual Funds. The market regulator has been steadily relaxing compliance requirements for different market intermediaries after having extended results disclosure timelines for listed companies last week.
Exercising its powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Regulation 77 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 SEBI informed about…
