News From Press Big Bang reform: SEBI puts an end to investment in Unlisted Commercial Paper

Big Bang reform: SEBI puts an end to investment in Unlisted Commercial Paper

Source: Mint Oct 3, 2019

In a circular released on 1st October, the Securities and Exchange Board of India (SEBI) came out with wide-ranging norms for investment by debt mutual funds. The new regulations prescribe limits for investment in unlisted, unrated and credit enhanced securities, sponsor group exposure and sector exposure. Some fund Managers however have highlighted the requirement for investment only in listed Commercial Paper (CP) as one of the key reforms that emerge from this circular. So far, all most all CPs have been unlisted, a fund manager said on condition of anonymity.

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