Corrigendum to Circular on Participation of Mutual funds in repo transactions on Corporate Debt Securities dated June 8, 2023
Summary
This circular serves as a corrigendum to SEBI's June 8, 2023 directive regarding mutual fund participation in repo transactions on corporate debt securities. It explicitly replaces Clause 1 of the original circular with a reference to Para 12.18 of the SEBI Master Circular on Mutual Funds dated May 19, 2023. The issuance is based on powers conferred under Section 11(1) of the SEBI Act, 1992, and Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
Text
Clause 1 of the abovementioned circular shall be replaced as follows: “Para 12.18 of SEBI Master Circular on Mutual Funds dated May 19, 2023 allows Mutual funds to participate in repos in corporate bond securities.”
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Corrigendum to Circular on Participation of Mutual funds in repo transactions on Corporate Debt Securities dated June 8, 2023. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.