October 2, 2022

The Securities and Trade Board of India (SEBI) just lately got here out with a session paper, the place it proposed bringing mutual fund items beneath the ambit of insider buying and selling guidelines. The regulator alluded to 2 separate circumstances the place a Registrar & Switch Agent (RTA) and MF personnel aware about unpublished price-sensitive data (UPSI) associated to MF scheme, exited their investments earlier than the UPSI was publicly disclosed. SEBI’s session paper proposes barring anybody in possession of the UPSI from dealing in MF items. Insider will embrace key officers and likewise third-party related entities and people equivalent to RTAs, custodians, valuation companies and legal professionals.

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