SEBI vide its Circular dated 25th April, 2023 issued for All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/Trustee Companies/ Board of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI).
The circular states:
SEBI mandated the submission of a soft copy of the final SIDs and a printed/final copy seven days prior to the launch of the scheme.
The Go Green initiative has changed the circular to require AMCs to file all final offer documents digitally by emailing them to a dedicated email id. No physical copies of the documents will be filed with SEBI.
The submission of final SID and KIM in digital form must be made at least two working days prior to the launch of the scheme, based on consultation with Association of Mutual Funds in India (AMFI).
NFOs must remain open for a minimum of three working days to protect investors in the securities market.
The other provisions of the circular remain unchanged.
This circular shall come into force with effect from 1st May, 2023.
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