SEBI guidelines on utilisation of Investor Protection Fund- (Securities and Exchange Board of India) (07 Jun 2016)
MANU/SDEP/0001/2016
Capital Market
SEBI issued guidelines on utilisation and investment aspects of the Investor Protection Fund.
It notified use of the Fund for investor education and awareness, and to ‘foster research activities for promotion/development of the securities market’.
Also prescribed is the constitution of the IPF Trust to utilise Fund monies in the prescribed manner.
Investment of the Fund will be carried out with the objective of capital protection, with emphasis on safety over market risk. Central Government securities and fixed deposits with scheduled banks have been encouraged.
Relevant : Mandatory transfer of securities from CM pool account to beneficiary account MANU/SSMD/0022/2001
Tags : INVESTOR PROTECTION FUND DEPOSITORIES TRUST INVESTMENT
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