SEBI reviews regulatory framework w.r.t passive funds in India
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- Last Updated on 25 May, 2022
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Circular No. SEBI/HO/IMD/DOF2/P/CIR/2022/69, Dated: 23.05.2022
The SEBI has reviewed the regulatory framework w.r.t passive funds in India and on the recommendation of the Working Group has made various changes w.r.t Norms for Debt Exchange Traded Funds (Debt ETFs)/ Index Funds, Norms for Market Making Framework for ETFs, the charges applicable for investor education and awareness initiatives from ETFs/Index Funds, direct transactions in ETFs through AMCs.
The SEBI further clarified that the existing norms for Debt ETFs/ Index Funds issued vide SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2019/147 dated Nov 29, 2019, shall be rescinded with effect from the date of implementation of the circular. The circular shall be effective from July 1, 2022, and shall be applicable to all the existing ETFs/Index Funds.
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