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of <h1>SEBI Sets Dematerialization Rule for Mutual Funds & Distribution Guidelines for NPAs; Insider Trading Compliance Mandated.</h1> The SEBI Advisory Committee on Mutual Funds, in a meeting on May 28, 2002, recommended specific guidelines for mutual funds. Firstly, mutual funds with securities worth 10 crore or more must conduct transactions in government securities in dematerialized form. Secondly, for non-performing assets (NPAs) or illiquid securities at scheme maturity, if realized within two years and substantial, they should be distributed to old investors; otherwise, they are to be transferred to the Investor Education Fund. Lastly, compliance with the SEBI Insider Trading Regulations, 2002, is mandated for trustees, asset management companies, and their personnel.
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