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In a board meeting held today, SEBI approved the inclusion of mutual funds under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
The revised regulations will provide for definitions of unpublished price sensitive information, generally available information and other related terms. Also, it will lay down the code of conduct for designated persons along with the reporting and monitoring requirements for transactions by such persons.
The Board also approved faster settlement of dividend payout. AMCs to now pay dividend within 7 working days as against 15 days earlier.
