Scheme Information Document (SID) on which observations are issued by SEBI shall be uploaded on the SEBI website for at least 8 working days for receiving public comments on the adequacy of disclosures made in the document. Thereafter, AMC may file final offer documents (SID and KIM) in line with the provisions of clause 1.1.3.3 of SEBI Master Circular on Mutual Funds dated June 27, 2024.
Accordingly, the following has been decided:
Clause 1.1.3.1.a. of the Master Circular on Mutual Funds dated June 27,2024, stands modified as under:
“Draft SID on which SEBI observation letter has been issued shall be made available on SEBI’s website – http:// www.sebi.gov.in for at least 8 working days for receiving public comments on the adequacy of disclosures made in the document after which AMC may launch the scheme and file final offer documents (SID and KIM) in line with the provisions of clause 1.1.3.3 of SEBI Master Circular on Mutual Funds dated June 27, 2024.
Validity of SEBI observation on SID will be in accordance with clause 1.3 of Master Circular on Mutual Funds dated June 27, 2024.
Clause 1.1.3.1. (c) and 1.1.3.1.(d) of the Master Circular on Mutual Funds dated June 27, 2024 stand deleted.
The provisions of this circular shall come into force with immediate effect.
Link – https://www.sebi.gov.in/legal/circulars/dec-2024/simplification-of-offer-document_90097.html
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