SEBI relaxes compliance requirements for mutual funds and brokers in the wake of coronavirus outbreak
Mar 24 2020
News Category: Regulatory Updates
As per media reports, the Securities and Exchange Board of India (SEBI) has relaxed the compliance requirements for mutual funds and brokers in the wake of coronavirus outbreak. The market regulator has push forward the deadline for submissions of financial results and disclosures on commission paid to distributors. SEBI said that it is closely tracking the domestic market and undertaking appropriate steps. At the global level, SEBI is constantly involved with International Organization of Securities Commissions (IOSCO) and Financial Stability Board (FSB).