Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 Chapter IIA RESTRICTIONS ON COMMUNICATION IN RELATION TO AND TRADING BY INSIDERS IN THE UNITS OF MUTUAL FUNDS.
Contents
Notifications
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Insider trading restrictions limit communications and trading in mutual fund units when unpublished price sensitive information exists. Regulation 5B defines insider and connected person for mutual fund units, listing categories deemed connected (immediate relatives, sponsors, directors, ... Summary
Insider trading restrictions limit communications and trading in mutual fund units when unpublished price sensitive information exists.
Regulation 5B defines insider and connected person for mutual fund units, listing categories deemed connected (immediate relatives, sponsors, directors, service providers, intermediaries, bankers, and related entities). Insiders include anyone with access to unpublished price sensitive information (UPSI). The regulation prescribes that generally available information be disseminated non-discriminatorily, requires prompt publication of material information by asset management companies and trustees, and identifies examples of UPSI - accounting policy changes, material valuation shifts, redemption restrictions or winding up, segregated portfolios, swing pricing triggers, material liquidity changes, and material defaults in underlying securities.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.