Insider Trading Restrictions for Mutual Fund Units to Be Enforced from Nov 1, 2024 | SEBI
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Notification No. SEBI/LAD-NRO/GN/2024/195; Dated: 25.07.2024
SEBI has notified November 1, 2024, as the effective date for the enforcement of norms relating to restrictions on communication about and trading by insiders in the units of mutual funds. It states that an insider cannot trade in the units of a mutual fund scheme when in possession of UPSI, which may have a material impact on the net asset value of a scheme or on the interest of the unit holders of the scheme.
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