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of <h1>Regulation 69 once allowed cancellation of mutual fund registration for fraud, economic offenses, or harmful market activities.</h1> Regulation 69 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, which was omitted in 2002, previously allowed the Board to cancel a mutual fund's registration under certain conditions. These included instances of fraud, conviction for economic offenses, repeated defaults, involvement in price manipulation or market activities detrimental to investors, and significant financial deterioration of the mutual fund that could harm unitholders and other mutual funds.
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