SEBI amends Mutual Fund rules for market abuse deterrence, whistle-blower policy, exempting recording communications. CEOs accountable.

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Full Text of the Document

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....SEBI amended Mutual Funds Regulations to insert provisions for identification and deterrence of market abuse, front-running, fraudulent transactions, whistle-blower policy, and exemption from recording face-to-face communications. Sub-regulations related to market abuse mechanisms come into force after 3-6 months, whistle-blower policy after 12 months. CEOs/MDs/CCOs accountable for implementation. Aimed at strengthening governance, compliance, and investor protection.....