SEBI Amends MF Regulations | Directs AMCs to Put in Place a Mechanism for Identification and Deterrence of Market Abuse
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- Last Updated on 5 August, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/197; Dated: 01.08.2024
SEBI has notified SEBI (Mutual Funds) (Second Amendment) Regulations, 2024. A new sub-regulation has been inserted to Regulation 25 relating to ‘asset management company (AMC) and its obligations’. It states that the AMC must put in place an institutional mechanism as specified by the Board to identify and deter potential market abuse, including front-running and fraudulent transactions in securities. Further, the term ‘market abuse’ has been defined under regulation 2(nb).
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