- SEBI extended the time limit for the implementation of the Rs. 25 Crore threshold rule for direct ETF transactions with Asset Management Companies (AMCs) to 1st May 2023.
- It will mean that Clause 2(IV) (A) of the SEBI Circular, issued on 28th July 2022, will be applicable from 1st May 2023 onwards.
- SEBI also reduced the face value of debt security and non-convertible redeemable preference share from Rs. 10 lakh to Rs. 1 lakh on a private placement basis from January 01, 2023.
- SEBI also said that it was all set to alleviate cyber-attack risks by developing a system in collaboration with BSE and NSE by March 2023.
- SEBI is a Government of India-owned regulatory authority that was established in 1992 under the Ministry of Finance with its headquarters in Mumbai, Maharashtra. The current Chairperson of SEBI is Madhabi Puri Buch.
Question:
Q.1 The Securities and Exchange Board of India (SEBI) extended the deadline for the direct Exchange Traded Fund (ETF) to?a. January 2023
b. March 2023
c. May 2023
d. August 2023
