Extension of deadline for implementation of the circular on Stewardship Code for all Mutual Funds and all categories of AIFs due to the COVID– 19 pandemic
Summary
SEBI extends the implementation deadline for the Stewardship Code circular originally dated December 24, 2019. The new effective date is changed from April 1, 2020, to July 1, 2020, due to challenges posed by the COVID-19 pandemic. This extension applies to all Mutual Funds and Alternative Investment Funds regarding their investment in listed equities.
Text
it has now been decided to extend the implementation of the aforesaid circular on Stewardship Code to July 1, 2020.
The Circular is issued in exercise of the powers conferred under Section 11 of the Securities and Exchange Board of India Act, 1992 read with provisions of Regulation 77 of SEBI (Mutual Funds) Regulations 1996 and Regulation 36 of SEBI (Alternative Investment Funds) Regulations, 2012.
Source: SecMarx — Extension of deadline for implementation of the circular on Stewardship Code for all Mutual Funds and all categories of AIFs due to the COVID– 19 pandemic. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.