RESTRICTIONS ON COMMUNICATION IN RELATION TO AND TRADING BY INSIDERS IN THE UNITS OF MUTUAL FUNDS.Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
RESTRICTIONS ON COMMUNICATION IN RELATION TO AND TRADING BY INSIDERS IN THE UNITS OF MUTUAL FUNDS.Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015
Unpublished price sensitive information: trading prohibited when in possession, with connected persons and insiders broadly defined and rebuttable. Definitions set the regulatory perimeter: insiders and connected persons are broadly defined and deemed to include relatives and specified categories ... Summary
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Unpublished price sensitive information: trading prohibited when in possession, with connected persons and insiders broadly defined and rebuttable.
Definitions set the regulatory perimeter: insiders and connected persons are broadly defined and deemed to include relatives and specified categories under a rebuttable presumption; generally available information is limited to public, non discriminatory information; unpublished price sensitive information (UPSI) comprises non public information likely to materially affect securities price, with illustrative categories listed; "trading" is widely defined to include subscribing, redeeming, switching and other dealings; and a compliance officer is required to monitor preservation of UPSI, trades and adherence to codes under board supervision.
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