SEBI to tighten rules post debt MF defaults
Apr 30 2019
News Category: Regulatory Updates
According to media reports, the latest defaults in debt papers by companies in which numerous mutual funds had exposure, led Securities and Exchange Board of India (SEBI) to consider tightening rules. The capital market regulator is keeping a close watch on how rating agencies are assigning credit ratings to such securities. Besides, SEBI is also expected to lower the limit of exposure in debt securities in favour of greater diversification.