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of <h1>SEBI Updates Mutual Funds Regulations: Redefines Key Terms, Adjusts Net Worth Requirements, and Enhances Compliance Standards.</h1> The Securities and Exchange Board of India (SEBI) has amended the Mutual Funds Regulations, 1996, effective 30 days from publication. Key changes include redefining terms like 'asset management company' and 'mutual fund,' updating net worth requirements for asset management companies, and revising the definition of 'fraud.' The amendments also address the issuance of units in dematerialized form, the segregation of assets and liabilities in mutual fund schemes, and the inclusion of advertisements in vernacular languages. The amendments aim to enhance regulatory clarity and ensure compliance with updated financial and operational standards.
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