SEBI/HO/IMD/IMD -RAC -1/P/CIR/2024/179

CIRCULAR SEBI/HO/IMD/IMD -RAC -1/P/CIR/2024/179 To All Mutual Funds All Asset Management Companies (AMCs) All Trustee Companies/ Boards of Trustees of Mutual Funds Association of Mutual Funds in India (AMFI) Dear Sir/Madam, Subject: Upload of Draft Scheme Information Documents Clause 1.1.3.1 of Master Circular No. SEBI/HO/IMD/IMD -PoD -1/P/CIR/2024/90 dated June 27, 2024 for Mutual Funds ('Master Circular') read with Circular No. IIMARP/MF/CIR/06/793/98 dated March 31, 1998 inter alia, requires Asset Management Companies (AMCs) to submit soft copy of the Draft Scheme Information Documents with SEBI to be made available on SEBI's website for 21 working days from the date of filing for receiving the public comment on the adequacy of disclosures made in the document. Since the issuance of the above requirement, over the years the structure and content of SIDs has been standardized vide SEBI Circulars SEBI/IMD/CIR No. 5/126096/08 dated May 23 2008, SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 06, 2017 and SEBI/HO/IMD/DF3/CIR/P/2017/126 dated December 04, 2017 . Further, the SID format was revised vide Circular SEBI/HO/IMD/IMD-RAC2/P/CIR/2023/000175 dated November 01 2023, in order to streamline the dissemination of relevant information to investors, rationalizing the preparation of Scheme Information Document (SID) and facilitating its periodic updation . The requirement of uploading SID for 21 working days on SEBI website was therefore reviewed . Based on review and public consultation , henceforth , SID on which observations are issued by SEBI shall be uploaded on the SEBI website for at least 8 working days for receiving public comments on the adequacy of disclosures made in the document. Thereafter , AMC may file final offer documents (SID and KIM) in line with the prov

Text

Rule TOC