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<h1>SEBI Extends NFO Validity and Compliance Deadlines for Mutual Funds Amid COVID-19, Eases Access Control Measures.</h1> In response to COVID-19, temporary relaxations in compliance requirements for Mutual Funds have been introduced by SEBI. The validity of new fund offers (NFOs) has been extended to one year from the SEBI observation letter date. Timelines for various disclosures, including half-yearly financial results and yearly investor complaints, have been extended. Implementation dates for certain policy initiatives, such as risk management frameworks and investment norms, have been postponed. Temporary relaxation is also granted for access control in AMCs' dealing rooms, provided electronic confirmations with audit trails are maintained. These measures aim to protect investors and regulate the securities market.