Synopsis :- SEBI, vide its Circular dated 28 th July, 2022 extended timelines from 01 st July, 2022 to 01 st November, 2022 for applicability of Clause 2(IV)(A) of the circular dated 23 rd 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 after receiving feedback from stakeholders expressing certain challenges with respect to implementation of the clause. Therefore, the extension has been provided by SEBI.
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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