Reporting of Inter-Scheme Transfers of Corporate Bonds by Mutual Funds on SEBI Authorized Trade Reporting Platforms at NSE BSE FIMMDA
Summary
SEBI mandates that Mutual Funds report inter-scheme transfers of corporate bonds on authorized trade reporting platforms. Stock exchanges and FIMMDA are required to implement systems to capture and distinctly display these transfers separate from other trades. This circular amends previous directives regarding corporate bond trading reports and becomes effective from August 10, 2009.
Text
SEBI authorized BSE, NSE and FIMMDA to set up and maintain reporting platforms to capture information related to trading in corporate bonds.
Mutual Funds shall report inter-scheme transfers of corporate bonds on the aforesaid platforms, ensuring they are indicated separately.
Authorized stock exchanges and FIMMDA shall put in place suitable systems to capture inter-scheme transfers and disseminate segregated information on OTC Trades, Trades on Exchanges, and Inter-scheme transfers.
All other terms of the past circulars dated December 12, 2006 and March 01, 2007 remain unchanged.
The circular shall come into effect from August 10, 2009.
All stock exchanges are advised to bring the contents of this circular to the notice of their members.
This circular is issued in exercise of powers conferred by sub-section (1) of section 11 and section 11A of the Securities and Exchange Board of India Act, 1992.
Source: SecMarx — Reporting of Inter-Scheme Transfers of Corporate Bonds by Mutual Funds on SEBI Authorized Trade Reporting Platforms at NSE BSE FIMMDA. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.