Securities and Exchange Board of India (SEBI) has issued a notification regarding the implementation dates for the amendments to the Securities and Exchange Board of India (Mutual Funds) Regulations, 2023. The notification outlines the specific provisions that will come into force on different dates.
SEBI, exercising its powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992, has appointed the effective dates for various sub-regulations of the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2023. While sub-regulation (XII) of regulation 3 will be effective from 26th July 2023, several other provisions will come into force on January 1, 2024.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 26th July 2023
No. SEBI/LAD-NRO/GN/2023/141.—In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby appoints: –
1. that sub-regulation (XII) of regulation 3 of the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2023 shall come into force on the date of publication of this notification in the Official Gazette.
2. the 1st day of January, 2024 as the date on which the following provisions of regulation 3 of the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2023, shall come into force, namely:-
i. clauses (ii) and (iii) of sub-regulation (I);
ii. sub-regulation (V);
iii. sub-regulation (VI);
iv. sub-regulation (VIII);
v. sub-regulation (IX);
vi. sub-regulation (X);
vii. sub-regulation (X1);
viii. sub-regulation (XV);
ix. sub-regulation (XVI);
x. sub-regulation (XVII);
xi. sub-regulation (XVIII);
xii. sub-regulation (XIX);
xiii. sub-regulation (XX);
xiv. sub-regulation (XXI);
xv. sub-regulation (XXII);
xvi. sub-regulation (XXIII);
xvii. sub-regulation (XXV); and
xviii. sub-regulation (XXVI).
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./306/2023-24]
