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<h1>Regulatory relaxation for mutual funds extends NFO validity and delays compliance and implementation deadlines to ease operational burdens.</h1> Temporary regulatory relief permits a one year validity for NFO observation letters and extends filing timelines for half yearly unaudited results, distributor commission disclosures, and annual investor complaint reports; implementation dates for specified mutual fund policy initiatives are postponed by about one month, and AMC dealing room access controls are temporarily relaxed subject to electronic confirmations with audit trails.