SEBI has tightened the norms for executing inter scheme transfers
Oct 09 2020
News Category: Regulatory Updates
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SEBI has tightened the norms for executing inter scheme transfers. From Jan 2021, no inter scheme transfers (ISTs) of a security shall be allowed, if there is negative news or rumors in the mainstream media or an alert is generated about the security based on internal credit risk assessment during the previous four months. Additionally, if the security is downgraded following ISTs, within a period of 4 months, fund managers of buying schemes have to provide detailed justification and rationale to the trustees for buying such security.

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