SEBI, in its latest circular on mutual funds, has announced change in certain nomenclatures used in circulars issued under MF regulation, Accordingly, the term Service tax” shall be replaced with the term “Goods & Service Tax; the term “Affiliate” shall be replaced with the term” Associate” and the term “Collateralized Borrowing and Lending Obligations (CBLO)” shall be replaced with the term “triparty repo on Government securities or treasury bills”.