India Regulator Weighs Insider Trading Rules for Mutual Funds
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India’s capital markets regulator is mulling imposition of insider trading regulations on mutual funds to bring them at par with rules governing securities trading.
The Securities and Exchange Board of India has sought public opinion on initiating penal action against those who misuse sensitive, non-public information related to mutual fund plans, directly or indirectly, as part of their fiduciary capacity, according to a consultation paper released Friday. The regulator asked for comments until July 29.