Business Standard

Sebi likely to overhaul CIS regulations at board meeting next week

The Sebi board is also likely to approve the regulator's annual accounts for financial year 2021-22

File photo: PTI

File photo: PTI

Samie Modak Mumbai
The Securities and Exchange Board of India (Sebi) is likely to overhaul regulations governing collective investment schemes (CIS) at its board meeting that will be held on Tuesday. Just like mutual funds (MFs), CIS are pooled investment vehicles that offer retail investors exposure to a wide variety of underlying assets.

Sources said the new CIS regulations will be aligned with the rules governing MFs, which were first notified in 1996 but have undergone several changes.

The move will remove any regulatory arbitrage among the two investment-pooling vehicles. It could also open a new avenue to channel household savings to economy-boosting activities with

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First Published: Mar 25 2022 | 6:01 AM IST

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