Inclusion of Mutual Fund units in the SEBI (Prohibition of Insider Trading) Regulations, 2015

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....of insider trading in units of mutual funds, vide notification dated November 24, 2022 (link), mutual funds units were included under the SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as 'PIT Regulations'). The amendments notified through the notification dated November 24, 2022 shall be applicable from November 01, 2024 (link to the Gazette notification). 2. In order to streamline the implementation of the above-mentioned amendments, a working group consisting of representatives from AMCs, AMFI, Stock Exchanges, RTAs and Depositories was constituted which provided its recommendations on implementation of the abovementioned amendments. After considering the recommendations of the working group, the foll....

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....lations shall be disclosed in the format specified at Annexure C. 3. Further, in order to harmonize the framework of investment/trading restriction in securities by employees of the AMCs and Trustees prescribed under Clause 6.6 of Master Circular for Mutual Funds dated June 27, 2024 ('Master Circular') with the amended PIT Regulations, the Clause 6.6 of Master Circular is modified as under: 3.1. Clause 6.6 of the Master Circular shall not be applicable for investments and redemption of mutual fund units. For mutual funds units, Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, shall be followed strictly by the Trustees, Asset Management Companies and their employee....

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....arr;Circulars". Yours faithfully, Peter Mardi Deputy General Manager +91-22-26449233 [email protected]   Annexure - A Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 5E (1)] Details of holdings in the units of its mutual fund schemes held by the Designated Persons of AMC, Trus-tees and their immediate relatives as on Name of the Mutual Fund Name of the Scheme Scheme Code [ISIN] Units held by Designated Persons* Value (INR) Date of reporting to Exchange                                     *Designated Persons o....

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....p;                                                       *Designated Person of AMC/ trustees/ immediate relative of Designated Person of AMC/Trustee Company Annexure C Report by (Name of the asset management company/Intermediary/Fiduciary) for violations related to Code of Conduct under SEBI (Prohibition of Insider Trad-ing) Regulations, 2015. [For asset management companies: Schedule B1 read with Regulation 5F(1) of SEBI(Prohibition of Insider Trading) Regulations, 2015 For Intermediaries/ Fiduciaries: Schedule C....