Circular on Reporting Formats for Mutual Funds
Summary
This SEBI circular revises reporting formats for Mutual Funds by discontinuing bi-monthly and half-yearly compliance certificates. It mandates the submission of Quarterly Reports by Asset Management Companies to Trustees and Compliance Test Reports to SEBI on a quarterly basis. The revised requirements apply starting from the quarter ending June 2021, with specific transitional rules for existing reports.
Text
the Compliance Certificate to be submitted by the AMC to the Trustees on a Bi-monthly basis shall be discontinued.
the Compliance Certificate to be submitted by the AMC to the Trustees on an half yearly basis shall be discontinued.
The AMC shall submit QR to the trustees... on its activities and the compliance with MF Regulations... by 21 st calendar day of succeeding month for the quarters ending March, June, September and December.
complete CTR shall be submitted by AMC to SEBI on a quarterly basis, by 21st calendar day of succeeding month for the quarters ending March, June, September and December.
the HYTR containing the broad coverage of report of trustees to SEBI has been revised & prescribed at Annexure III.
Trustees, shall submit corrective steps taken with respect to the non-compliance reported in the HYTR.
Trustees shall continue to submit HYTR for the half year ending September and March within two month from the end of the half year.
For QR and CTR reports, the circular shall come into effect for reporting from the quarter ending June, 2021;
For HYTR report, the circular shall come into effect for reporting from the half-year ended March, 2021;
BCC and HYCC shall be discontinued subsequent to the effective date of the QR report as mentioned at paragraph B(1) above.
Source: SecMarx — Circular on Reporting Formats for Mutual Funds. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.