Amended Norms
SEBI ups scope of unpublished price-sensitive information in insider trading
This story was originally published at 06:00 IST on 19 December 2024
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--SEBI enhances scope of price-sensitive info under insider trading norms
NEW DELHI – The Securities and Exchange Board of India has decided to amend the insider trading regulations to enhance the scope of definition of unpublished price-sensitive information. The SEBI board, which met Wednesday, approved the proposed amendments. The market regulator said this will improve regulatory clarity, certainty and uniformity in compliance of the norms.
Under the amendment, the definition of unpublished price-sensitive information under the insider trading regulations will be expanded to include several items marked as material events requiring disclosures under SEBI's listing regulations. For identification of events as unpublished price sensitive information, the threshold limits prescribed under the listing norms will be made applicable.
Further, for events emanating from outside the company, flexibility will be provided to companies to make entries in the structured digital database on a deferred basis, within two days, as per SEBI's amendment. End
Reported by Rajesh Gajra
Edited by Deepshikha Bhardwaj
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