Sebi okays new product bridging MF, PMS - MMJC

The Securities and Exchange Board of India (SEBI) said the new investment product will be introduced under the existing mutual funds framework, after a meeting of its board in Mumbai. The new asset class will offer flexibility in portfolio construction.

Makarand M. Joshi, founder MMJC & Associates, a corporate compliance firm, said Sebi’s decision to expand the scope of connected person would increase scope of the prohibition of insider trading regulations. “A lot of awareness would be required amongst these persons also to ensure that amended provisions are effectively implemented”, he said.

The views of Partner – Mr. Makarand Joshi are captured in Mint. The detailed article can be viewed at the following link:

https://www.livemint.com/industry/sebi-board-meeting-g-padmanabhan-committee-recommendations-rbi-mfs-investors-rias-regulations-11727699210526.html