Cash transaction limit increase in mutual funds allows higher permitted cash subscriptions subject to AML compliance and systems. SEBI increases the permissible cash transaction limit per investor per mutual fund per financial year, subject to Anti-Money Laundering compliance and adequate systems and procedures. It also amends employee trading guidelines to treat liquid schemes like Money Market Mutual Fund schemes: exempting certain liquid-scheme transactions from seven-day reporting, adding liquid schemes to the list of non-applicable products for some restrictions, and including liquid schemes among those units employees are barred from trading in specified situations.
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Cash transaction limit increase in mutual funds allows higher permitted cash subscriptions subject to AML compliance and systems.
SEBI increases the permissible cash transaction limit per investor per mutual fund per financial year, subject to Anti-Money Laundering compliance and adequate systems and procedures. It also amends employee trading guidelines to treat liquid schemes like Money Market Mutual Fund schemes: exempting certain liquid-scheme transactions from seven-day reporting, adding liquid schemes to the list of non-applicable products for some restrictions, and including liquid schemes among those units employees are barred from trading in specified situations.
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