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<h1>SEBI updates rules for AMC and Mutual Fund employees: Approval validity now 1 week, profit restriction reduced to 30 days.</h1> SEBI issued clarifications to align guidelines for employees of Asset Management Companies and Mutual Fund Trustee Companies with the SEBI (Insider Trading) Regulations. Approval from a compliance officer for securities transactions is now valid for one week instead of ten days. Additionally, the restriction on profiting from the purchase and sale of securities within 60 days is reduced to 30 days. These changes aim to ensure uniformity and ease of implementation, as per Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.