 "Sebi")
The Securities and Exchange Board of India (Sebi) on Tuesday overhauled regulations governing collective investment schemes (CIS), bringing them on a par with the mutual fund (MF) regulations. The market regulator said the move will “remove regulatory arbitrage” between the two pooled investment vehicles.
Sebi’s board also approved amendments to the Sebi Custodian Regulations, 1996 to enable registered custodians to provide custodial services in respect of silver exchange traded funds (ETFs) launched by domestic MFs. The board also made amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations to ease the securities transmission process for investors and ensure uniformity
