9911796707
TMI BlogInclusion of Mutual Fund units in the SEBI (Prohibition of Insider Trading) Regulations, 2015X X X X Extracts X X X X X X X X Extracts X X X X ..... November 24, 2022 (link ), mutual funds units were included under the SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as PIT Regulations ). The amendments notified through the notification dated November 24, 2022 shall be applicable from November 01, 2024 ( link to the Gazette notification ). 2. In order to streamline the implementation of the above-mentioned amendments, a working group consisting of representatives from AMCs, AMFI, Stock Exchanges, RTAs and Depositories was constituted which provided its recommendations on implementation of the abovementioned amendments. After considering the recommendations of the working group, the following has been decided: 2.1. In terms of Regulation 5(E)(1) of PIT Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in order to harmonize the framework of investment/trading restriction in securities by employees of the AMCs and Trustees prescribed under Clause 6.6 of Master Circular for Mutual Funds dated June 27, 2024 ( Master Circular ) with the amended PIT Regulations , the Clause 6.6 of Master Circular is modified as under: 3.1. Clause 6.6 of the Master Circular shall not be applicable for investments and redemption of mutual fund units. For mutual funds units, Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 , as amended from time to time, shall be followed strictly by the Trustees, Asset Management Companies and their employees and directors. 3.2. Clause 6.6.2.1 (a) of the Master Circular stands modified a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rohibition of Insider Trading) Regulations, 2015 [Regulation 5E (1)] Details of holdings in the units of its mutual fund schemes held by the Designated Persons of AMC, Trus-tees and their immediate relatives as on Name of the Mutual Fund Name of the Scheme Scheme Code [ISIN] Units held by Designated Persons* Value (INR) Date of reporting to Exchange *Designated Persons of AMC/ trustees/ immediate relatives of Designated Persons of AMC/Trustee Company Annexure B Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 5E (2)] Details of all the transactions in the units of its own mutual funds by Designated Persons of asset management company, trus-tees and their immediate relatives, above the threshold prescribe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) i. Name of the scrip/scheme ii. No of shares/units traded and value (Rs.) (Date- wise) D. In case value of trade(s) is more than Rs.15 lacs in a calendar quarter i. Date of intimation of trade(s) by concerned DP of AMC, trustee and their im-mediate relatives under regulation 5(E)(2) of SEBI (PIT) Regulations, 2015 ii. Date of intimation of trade(s) by asset management company to stock ex-changes under regulation 5(E)(3) of SEBI (PIT) Regulations, 2015 4 Details of violations observed under Code of Conduct 5 Action taken by asset management company/ Intermediary/ Fiduciary 6 Reasons recorded in writing for taking action stated above 7 Details of the previous instances of violations, if any, since 8 If any amount collected for Code of Condu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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