The Securities and Exchange Board of India Vide its circular dated 30th April 2020 has further provided various relaxations to mutual fund houses, including extension in deadline for submission of annual reports.
SEBI in its earlier circular dated 20th September 2020 has made it mandatory for liquid funds to hold at least 20% of their net assets in liquid assets which were to become effective from April 1, however, Sebi has extended the deadline to comply with the new rule by 30th June.
The existing open-ended mutual fund schemes need to comply with the revised limits for sector exposure by 30th June.
Further, Sebi has given more time till June 30 for complying with the norms pertaining to amortization based valuation for money market and debt securities.
The timelines for submission of cybersecurity audit reports have been extended by two months i.e. till August 31, 2020, and the timelines for filing scheme annual reports for the year 2019-20 are extended by one month i.e. till August 31, 2020.
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