The Securities and Exchange Board of India on Thursday provided time till Nov. 1 to asset management companies for implementing rules on facilitating the direct transaction to investors in ETFs.
The rules were to come into force from July 1.
The regulator noted feedback was received from stakeholders expressing certain challenges to the implementation of rules and considering the same, it has been decided that the applicability of the rule will start from Nov. 1, according to a circular.
To enhance liquidity in units of exchange-traded funds on stock exchange platforms, SEBI decided that direct transactions with AMCs will be facilitated for investors only for transactions amounts greater than Rs 25 crore.
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