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of <h1>SEBI Implements New Mutual Fund Regulations: Immediate and January 2024 Rollout under Regulation 3 Amendments.</h1> The Securities and Exchange Board of India (SEBI) has announced the implementation of specific provisions under regulation 3 of the SEBI (Mutual Funds) (Amendment) Regulations, 2023. These amendments will take effect in two phases: sub-regulation (XII) is effective immediately upon publication in the Official Gazette, while clauses (ii) and (iii) of sub-regulation (I), along with several other sub-regulations, will be enforced starting January 1, 2024. The notification was issued by SEBI on July 26, 2023, under the authority granted by the SEBI Act, 1992.
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