SEBI vide circular SEBI/IMD/MC No.1/189241/2010 dated January 1, 2010 has come out with a ‘Master Circular for Mutual Funds’. This Master Circular is a compilation of all the circulars issued by SEBI, for regulation of the mutual fund industry, upto December 31, 2009. SEBI observed that the Master Circular would enable the industry and other users to have an access to all the applicable circulars at one place. It should be noted in this context that a master circular would go a long way in providing a clearer and definite view of the regulations.
Earlier in December 2008, SEBI had issued a Master Circular on Anti Money Laundering (AML) and Combating Financing of Terrorism (CFT) (covered in this blog here).
A copy of the 'Master Circular for Mutual Funds' is available here.
Friday, January 1, 2010
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1 comment:
It is very interestingly written, to the author thanks.
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