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<h1>SEBI Requires Mutual Fund Trustees to Appoint Experienced Officer for Enhanced Oversight and Support by October 2020.</h1> The circular issued by SEBI mandates that mutual fund trustees appoint a dedicated officer with at least five years of experience in finance to assist in their duties. This officer, who will report directly to the trustees, will help monitor activities of Asset Management Companies (AMCs). Trustees are also required to have arrangements with independent firms for special audits or legal advice as needed. The costs for these measures will be covered under trustee fees and expenses. These provisions aim to enhance trustees' administrative support and will be effective from October 1, 2020. Trustees remain responsible for their fiduciary duties under SEBI regulations.