SEBI Proposes Regulatory Framework for Significant Indices with ₹20,000 Crore AUM Threshold
SEBI has proposed a regulatory framework for 'Significant Indices' defined as those with ₹20,000 crore+ AUM from domestic mutual fund schemes. The framework requires Index Providers to register within six months unless already regulated by RBI. The proposal includes detailed AUM calculation methodology and grievance redressal mechanisms, with public comments invited until January 30 to enhance transparency and accountability in financial benchmarks.
SEBI has proposed a regulatory framework for 'Significant Indices' defined as those with ₹20,000 crore+ AUM from domestic mutual fund schemes. The framework requires Index Providers to register within six months unless already regulated by RBI. The proposal includes detailed AUM calculation methodology and grievance redressal mechanisms, with public comments invited until January 30 to enhance transparency and accountability in financial benchmarks.
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