A year after market regulator brought mutual funds under the ambit of insider trading regulations, the norms are yet to get enforced.
There are operational hurdles in setting up common industry standards, even as the Association of Mutual Funds in India has held several talks with SEBI on the matter, said two people in the know. There could be issues at the exchange’s end as well.
The SEBI issued a consultation paper on applicability of its PIT Regulations 2015 to MF units in July last year. In November, a notification brought within its fold all types of mutual funds, whether listed or unlisted, with exemptions for exchange-traded funds and systematic investment plans.
