Sebi extends feedback deadline for mutual fund regulations overhaul

Sebi has pushed the deadline for public comments on its consultation paper to overhaul mutual fund regulations to November 24, after industry stakeholders sought more time to review proposed reforms

The Securities and Exchange Board of India (Sebi) has extended the deadline for public comments on its consultation paper proposing a comprehensive overhaul of the Sebi (Mutual Funds) Regulations, 1996.  The deadline, originally set for November 17, has now been pushed to November 24 following requests from industry stakeholders.  The 25-page consultation paper, released in late October, outlines wide-ranging reforms, including a review of the total expense ratio (TER) framework, relaxation of restrictions on business activity expansion for asset management companies, simplification of regulatory language, and the removal of redundant provisions.