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.
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Designated persons rule restricts insider communication and trading in mutual fund units under insider trading regulations. Regulation 5G requires the board of the asset management company and trustees, with the compliance officer, to specify Designated Persons for the code of ... Summary
Designated persons rule restricts insider communication and trading in mutual fund units under insider trading regulations.
Regulation 5G requires the board of the asset management company and trustees, with the compliance officer, to specify Designated Persons for the code of conduct based on role, function, seniority and access to unpublished price sensitive information, listing senior officers and deeming certain non executive directors as designated; paragraph (2) requires other intermediaries likewise to identify designated persons in consultation with their compliance officer.
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