Synopsis :- SEBI, vide its Circular dated 28th October, 2022 extended timelines from 01st November, 2022 to 01st May, 2023 for applicability of Clause 2(IV)(A) of the circular dated 23rd May, 2022 which prescribed that in respect of units of ETFs, direct transaction with AMCs shall be facilitated for investors only for transactions above a specified threshold of INR 25 Cr.
SEBI, further added that extension has been provided based on feedback received from stakeholders.
This circular is applicable to all Recognized Stock Exchanges, Clearing Corporations, Depositories, Custodians, Mutual Funds, Asset Management Companies (AMCs), Trustee Companies, Boards of Trustees of Mutual Funds, Registrar and Transfer Agents (RTAs), Stock Brokers cum Market Makers, Association of Mutual Funds in India (AMFI).
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