MFs seek relaxation in rules framed to prevent mkt abuse
Business Standard|November 29, 2024
Say new system disrupts their ability to execute large deals
ABHISHEK KUMAR
MFs seek relaxation in rules framed to prevent mkt abuse

The mutual fund (MF) industry is set to approach the Securities and Exchange Board of India (Sebi) for relaxation in the recently implemented rules designed to prevent market abuse.

According to MF executives, the new rules that came into effect in November for large schemes have created operational challenges for fund managers, particularly when executing large transactions or participating in block deals.

The industry body, the Association of Mutual Funds in India (Amfi), has sought suggestions from fund houses, which will be forwarded to Sebi for further deliberations.

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