SEBI recently extended the deadline to May 1, ______ for

Solution

SEBI recently extended the deadline to May 1, 2022 for implementation of swing pricing mechanism, for mutual fund schemes, aimed at discouraging large investors from sudden redemptions. The new framework, aimed at ensuring fairness in treatment of entering, exiting and existing investors in mutual fund schemes, particularly during market dislocation, was to be applicable from March 1. Based on the request received from Amfi, it has been decided to extend the implementation date of the provisions of swing pricing mechanism to May 1, 2022.