SEBI Extends Deadline for Direct ETF Transactions

Published on October 30, 2022
Current Context: The Securities and Exchange Board of India (SEBI) extended the deadline for the direct Exchange Traded Fund (ETF) to May 01, 2023.
SEBI Extends Deadline for Direct ETF Transactions
  • 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

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu