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of <h1>SEBI Extends Compliance Deadline for Mutual Fund Employee Alignment from July 1 to October 1, 2021.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all mutual funds, asset management companies, trustee companies, and the Association of Mutual Funds in India regarding the alignment of interests between key employees of asset management companies and unitholders of mutual fund schemes. Initially set to take effect on July 1, 2021, the implementation date has been extended to October 1, 2021, following stakeholder feedback. This decision is made under the authority of the SEBI Act, 1992, and the SEBI (Mutual Funds) Regulations, 1996, to safeguard investor interests and regulate the securities market.
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