Based on the recommendation of MFAC, SEBI has directed mutual fund houses to undertake on monthly basis, at least 10% of their total secondary market trades by value (excluding inter scheme transfer trades) in the corporate bonds by placing or seeking quotes through one-to-many mode on the Request for Quote (RFQ) platform of stock exchanges. Such a decision is taken with an aim to enhance transparency and disclosure pertaining to debt schemes and investments by mutual funds in corporate bonds or commercial papers. This is effective from Oct 1.