Sebi decides to introduce new asset class; liberalise MF framework for passive funds
The markets regulator Sebi's board approved new asset classes for high-risk investors and relaxed rules for passively managed mutual funds to reduce compliance. They also approved amendments to insider trading rules and eased criteria for investment advisers. Additionally, the board proposal introduces "summary proceeding" for handling violations and rationalizes disclosure requirements in offer documents.
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The markets regulator Sebi's board approved new asset classes for high-risk investors and relaxed rules for passively managed mutual funds to reduce compliance. They also approved amendments to insider trading rules and eased criteria for investment advisers. Additionally, the board proposal introduces "summary proceeding" for handling violations and rationalizes disclosure requirements in offer documents. 
