SEBI Tightens Insider Trading Norms for Mutual Funds | Requires AMCs to Disclose Designated Persons’ Holdings Quarterly
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- Last Updated on 24 October, 2024
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Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/144; Dated: 22.10.2024
SEBI has strengthened the regulatory framework regarding prohibition of insider trading in units of mutual funds (MFs). As per new norms, asset management companies (AMCs) must disclose the details of the holdings of designated persons of AMCs, trustees, and their immediate relatives on an aggregate basis quarterly from Nov 1, 2024. The holdings as on Oct 31, 2024, must be disclosed on platform of stock exchanges by Nov 15, 2024.
Thereafter, for all subsequent calendar quarters, AMCs must provide the information within 10 calendar days from the end of the quarter. Further, the holdings must be disclosed in a specified format.
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