SEBI vide circular Cir/IMD/DF/4/2010 dated June 21, 2010 has postponed the deadline for implementing new norms for valuation of mutual fund houses’ debt and money market instruments. The norms would be applicable from August 1, 2010 as opposed to the old deadline of July 1, 2010.
Earlier this year, SEBI had modified the provisions related to the valuation of debt and money market instruments by mutual fund houses (covered in this blog here).
A copy of the circular is available here.
Tuesday, June 22, 2010
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