News From Press Front-running, insider trading: Amfi rulebook to curb misconduct in a month

Front-running, insider trading: Amfi rulebook to curb misconduct in a month

Source: Business Standard May 10, 2024

The Association of Mutual Funds in India (Amfi) will formulate a standard operating procedure (SOP) for asset management companies (AMCs) to prevent misconduct like front-running and insider trading.
The SOP, which will be ready within a month, is being developed after the market regulator approved an enhanced institutional mechanism in its previous board meeting to prevent potential market abuse.

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