Mutual funds can implement new disclosure rules on risk, portfolio details till Sep 1: Sebi
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Under the new rules, mutual funds need to disclose risk-o-meter of the scheme and benchmark while disclosing the performance of scheme vis-a-vis benchmark
(Photo: Mint)
. Updated: 31 May 2021, 08:16 PM IST PTI
Markets regulator Sebi today gave time till Sept 1 for mutual funds to comply with new rules wherein they are required to share details of risk, performance and portfolio to investors only for the scheme in which they have invested
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NEW DELHI :
Markets regulator Sebi on Monday gave time till September 1 for mutual funds to comply with new rules wherein they are required to share details of risk, performance and portfolio to investors only for the scheme in which they have invested.
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The European Supervisory Authorities (ESAs) have published a Supervisory Statement to clarify the application of the Sustainable Finance Disclosure Regulation (SFDR)
1 in anticipation of the requirements applying in the European Economic Area (EEA) from 10 March 2021. The Supervisory Statement does not impose new requirements on financial market participants and advisers, but confirms the industry approach to using the draft Regulatory Technical Standards (RTS) as a reference point in their compliance efforts for the 10 March 2021 deadline.
The RTS implement the more detailed requirements of the SFDR through secondary rules, which, due to the disruption caused by COVID-19, will not be finalised by 10 March 2021, as originally intended.