Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm

01-11-2024 10:07 AM | Source: PR Agency

Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm

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Below the Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm

This move by SEBI will strictly regulate dealing in units of mutual funds. Dealing in mutual fund units will now be subject to pre clearance, restricted trading periods, disclosure of dealing beyond certain limits, contra trade etc when a person is in possession of price sensitive information relating to mutual fund schemes.

This comes at a time when mutual funds are being considered as shadow banks.

Compliance with these provisions may be a challenge as what is UPSI for mutual funds and other listed companies is significantly different and it will evolve over a period.

This move will help curb opportunistic dealing in mutual fund units and bring in more transparency in the capital market.

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Comment on SEBI Insider Trading Rules Now Apply to Mutual Fund Units from Nov 1 by Makarand M Joshi Founder MMJC and associates a corporate compliance firm

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