N O T I C E
Dated: October
27, 2016
Trading
members are hereby informed that the Exchange has received a Circular from SEBI
vide Ref. No. SEBI/HO/MRD/DSA/CIR/P/2016/113 October 19, 2016 regarding Facilitating transaction in Mutual Fund schemes through
the Stock Exchange Infrastructure. The contents
of the said circular are reproduced hereunder for information of trading
members.
Quote:
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CIRCULAR
SEBI/HO/MRD/DSA/CIR/P/2016/113
October 19, 2016
To
All Recognised Stock Exchanges,
All Recognised Clearing Corporation,
All
Depositories.
Dear Sir / Madam,
Subject: Facilitating transaction in Mutual Fund schemes through the Stock Exchange Infrastructure.
1. SEBI vide circular no. CIR/MRD/DSA/32/2013 dated October 04, 2013 had permitted mutual fund distributors to use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Fund/Asset Management Companies.
2. In order to broad
base the reach of this platform, it has been decided to allow SEBI Registered
Investment Advisors (RIAs) to use infrastructure of the recognised stock
exchanges to purchase and redeem mutual fund units directly from Mutual
Fund/Assets Management Companies on behalf of their clients, including direct plans.
3. The other
provisions of the above mentioned circulars remain unchanged.
4. This circular is
being issued in exercise of powers conferred under Section 11 (1) of the
Securities and Exchange Board of India Act, 1992 to protect the interests of
investors in securities and to promote the development of, and to regulate the
securities market.
5. This circular is also available on SEBI
website at www.sebi.gov.in
Yours faithfully,
Bithin Mahanta
Deputy General Manager
Email: bithinm@sebi.gov.in
Trading
Members are requested to take note of the aforesaid guidelines of SEBI and act
accordingly.
M.A.V. Raju
General
Manager