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Quant Mutual Fund faces SEBI investigations over front-running allegations. Fund assures cooperation and transparency. Investors urged to stay vigilant. Stay tuned for more updates! #Finance #SEBI —

The Securities and Exchange Board of India (SEBI) introduced changes to the insider trading regulations for mutual funds, effective from November 1, 2024. Under these amendments, mutual fund units are now explicitly covered under the SEBI (Prohibition of Insider Trading) Regulations, extending compliance obligations to Asset Management Companies (AMCs), trustees, designated persons, board members, and connected entities including auditors and consultants. Key requirements include quarterly disclosures of mutual fund unit holdings by AMCs and stringent trading restrictions for insiders, such as a mandatory 30-day cooling-off period between purchase and sale transactions. These rules are designed to prevent the misuse of unpublished price-sensitive information (UPSI) and align mutual fund trading practices with the highest standards of transparency and fairness. AMCs are required to establish robust institutional mechanisms, including a structured digital database, codes of conduct, and whistle-blower policies to enforce compliance. Non-compliance can result in severe penalties, with fines up to Rs 5 million for individuals and Rs 25 million for corporations, along with potential criminal charges. These changes reflect SEBI’s ongoing commitment to enhancing investor confidence, promoting fairness, and protecting investor interests in the mutual fund sector. Mutual fund stakeholders must now adapt to these rigorous requirements to maintain compliance and uphold market integrity.

AIF AMENDMENT SEBI has specified the maximum permissible limit for extension of tenure by 'Large Value Funds’. As per notification dated August 05, 2024, SEBI has allowed a large-value fund for accredited investors to extend its tenure up to five years. Condition:  The above extension subject to the approval of two-thirds of the unit holders by value of their investment in the large value fund for accredited investors. Large Value Fund (LVF) Large Value Fund (LVF) for accredited investors means an AIF or scheme of an AIF in which each investor (other than the manager, sponsor, employees or directors of the AIF, or employees or directors of the manager) is an accredited investor and invests at least ₹70 crore. Other Amendment:  SEBI has allowed  Category I and II AIFs to borrow for a period of up to 30 days for the purpose of meeting a temporary shortfall in drawdown from investors for temporary funding requirements and day-to-day operational requirements for not more than 30 days, on not more than 4 occasions in a year, and not more than 10% of the investable funds

SEBI introduces New Rules on Nomination for Demat and Mutual Funds: All You Need to Know These changes, which impact the process of nominating beneficiaries, are expected to affect both account holders and nominees in various ways #demat #mutual fund #nominee

⚖️ What is an Assurance Fund? 🤔 Follow @AlburoLaw for the next update! #assurancefund #landregistration #PropertyLaw #AlburoLaw #fYp #foryoupage #trending #fypシ

HDMCO TaxReg FAQs [422/2024-25] Q.What is reported in the Form 8938? Ans. The following specified financial assets are reported in Form 8938. a)Maximum Value of Deposits and Custodial accounts held at foreign financial institutions b)Maximum Value of Foreign stock or securities not held in a financial account c)Maximum Value of Foreign partnership interests d)Maximum Value of Foreign mutual funds e)Maximum Value of Foreign accounts and foreign non-account investment assets held by foreign or domestic grantor trust for which you are the grantor f)Maximum Value of Foreign-issued life insurance or annuity contract with a cash-value g)Maximum Value of Foreign hedge funds and foreign private equity funds

🔔 New Video Release: Trust Fund Handling | Industry Insights October 2024 In this episode of Industry Insights, Michael and I discuss the critical topic of trust fund handling in real estate. We dive into the importance of proper management, recordkeeping, and reconciliation of trust funds, as well as the consequences of violations. Whether you're a broker, property manager, or real estate investor, this video provides valuable insights to help you navigate trust fund compliance and avoid common mistakes. Key Highlights: -Trust fund violations and how to avoid them -Best practices for trust fund recordkeeping and reconciliation -Maintaining compliance and preventing shortages 📊 Watch now to stay informed on trust fund regulations and improve your real estate operations! Please note that this information is for educational purposes only and not legal or financial advice. #trustfundhandling #realestate #trustaccount #compliance #finance #propertymanagement #investment #credit #arcfamilyoffice https://lnkd.in/g3UYFG5P

SEBI Settlement Order on TCG Advisory Services AIF - ₹15,00,000 Settlement Amount The applicant *TCG Advisory Services Private Ltd.* serves as both the Investment Manager and Sponsor of TCG Fund-Fund 3 (Fund 3, a scheme of TCG Alternative Investment Fund). They have resolved the matter under SEBI Settlement Regulations. Below are the key details of the settlement order: Key Facts of the Case:* *On January 16, 2020, the fund onboarded a single investor, MCPI Pvt. Ltd., through a contribution agreement amounting to ₹26 crore. *On the same day, the sponsor executed a contribution agreement for ₹1.30 crore as part of its continuing interest. *The fund called for a capital contribution of 10% of the committed amount, collecting ₹2.6 crore from the investor and ₹13 lakh from the sponsor. * An investment of ₹2.55 crore was made in security receipts on February 4, 2020. *This investment was written off by March 31, 2021, leading to the redemption of units for both the investor and sponsor on October 27, 2021, resulting in a zero corpus for the scheme. *The fund failed to raise its corpus back to ₹20 crore and was wound up on April 24, 2024. *Nature of Violations:* * The sponsor failed to maintain the required continuing interest as per Regulation 10(d) of AIF Regulations, 2012. The minimum required contribution was ₹1.368 crore, while only ₹1.30 crore was committed. * The fund violated Clause 5.5 of the Master Circular dated July 31, 2023, which mandates that open-ended schemes must maintain a minimum corpus of ₹20 crore or wind up as per Regulation 29 of AIF Regulations, 2012. *Settlement Amount:* The applicant settled the matter with SEBI by paying *₹15,00,000*

Adam Rossiter, CAIA updates us on why the Cayman Islands provides an ideal operating base for service providers to the asset management industry and the unparalleled advantages it has to offer. Read the article in full here: https://lnkd.in/dsWQCmTp #banking #assetmanagement

The FSCA South Africa has fined a major management company R1.6m for contraventions of the Financial Intelligence Centre Act. The FSCA also fined financial services provider Wealth First Portfolio Managers Ltd R200,000, Justin Brown writes. #Regulation Ivan Dabrowski https://lnkd.in/dT3uzj7T