Swing pricing framework for mutual fund schemes – Extension of timeline
Summary
SEBI extends the implementation date for the swing pricing framework previously stipulated in a September 2021 circular to May 1, 2022. This decision was made based on a request received from the Association of Mutual Funds in India (AMFI). The circular is issued under Section 11(1) of the SEBI Act and Regulation 77 of the SEBI Mutual Funds Regulations.
Text
Based on the request received from AMFI, it has been decided to extend the implementation date of the provisions of the aforesaid circular to May 1, 2022.
This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996.
Source: SecMarx — Swing pricing framework for mutual fund schemes – Extension of timeline. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.