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SEBI has reduced the timeline for which AMCs are required to keep their Scheme Information Document (SID) on the regulator’s website from 21 days to 8 days.
The move will expedite the scheme launches and facilitate innovation.
In its latest circular, the regulator said, “Based on review and public consultation, henceforth, SID on which observations are issued by SEBI shall be uploaded on the SEBI website for at least 8 working days for receiving public comments on the adequacy of disclosures made in the document. Thereafter, AMC may file final offer documents (SID and KIM).”
The circular will come into effect immediately.
