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India securities regulator extends deadline for new fund management rules to April 1

The decisions have been taken after receiving representations from the Association of Mutual Funds in India
By Goh Thean Eu   
December 14, 2021

India’s securities regulator has given fund management companies three more months to put in place risk management frameworks, and to implement a two-tier structure for the benchmarking of mutual fund schemes.

The Securities and Exchange Board of India (Sebi) originally set the deadline for January 1 when it announced the measures, aimed at improving investor protection, in September. The new deadline is April 1.

“The decisions have been taken after receiving representations from the Association of Mutual Funds in India,” Sebi says in a statement.