SEBI Expands Insider Trading Rules to Mutual Funds, Mandates AMC Disclosure of Large Transactions by 2024.

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Full Text of the Document

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....This circular from SEBI outlines the inclusion of mutual fund units under the purview of SEBI's Prohibition of Insider Trading Regulations, 2015, effective November 1, 2024. Key points are: AMCs must disclose aggregate holdings of designated persons quarterly; designated persons must report transactions above INR 15 lakhs to the compliance officer within two business days; AMCs must disclose such reported transactions; violations must be disclosed in a specified format. The circular also harmonizes investment restrictions for AMC employees with the amended regulations, modifying certain clauses of the Master Circular for Mutual Funds. Reporting formats for holdings, transactions, and violations are annexed. The circular aims to strengthen insider trading regulations for mutual funds.....