The guidelines are applicable beginning August 29, and MIIs have been asked to put in place systems for implementation of the guidelines within 120 days of issuance.
At present, large corporate entities include all listed entities except scheduled commercial banks, which have an outstanding long-term borrowing of ₹100 crore or above.
At present, the regulatory framework for AMCs includes provisions relating to the code of conduct for AMCs, fund managers & dealers, and various other disclosure and reporting requirements.
