Refer to Para 9 of SEBI Circular dated September 24, 2019 on conditions to be adhered to by Mutual Funds, while making any change to terms of an investment. In partial modification to the above, Para 9.1.1. shall read as follows:
Any changes to the terms of investment, including extension in the maturity of a money market or debt security, shall be reported to valuation agencies and SEBI registered Credit Rating Agencies (CRAs) immediately, along-with reasons for such changes.
The aforesaid provision is applicable from the date of issuance.
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