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<h1>SEBI Introduces Regulatory Framework for Execution Only Platforms in Mutual Fund Transactions Effective September 1, 2023.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) establishes a regulatory framework for Execution Only Platforms (EOPs) that facilitate transactions in direct plans of mutual fund schemes. The framework addresses the lack of specific regulations for digital platforms offering execution-only services, aiming to balance investor convenience and protection. It categorizes EOPs into two types: Category 1, registered with the Association of Mutual Funds in India (AMFI), and Category 2, registered as stock brokers with stock exchanges. The circular outlines registration requirements, operational guidelines, risk management, grievance redressal, and compliance measures for EOPs, effective from September 1, 2023.