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
Insider trading regulation: pre-clearance and trading window controls limit designated persons' securities transactions and disclosures. The Code of Conduct must establish a compliance officer reporting regime, need-to-know confidentiality and Chinese Walls, designated persons coverage and ... Summary
Insider trading regulation: pre-clearance and trading window controls limit designated persons' securities transactions and disclosures.
The Code of Conduct must establish a compliance officer reporting regime, need-to-know confidentiality and Chinese Walls, designated persons coverage and specified disclosures. A trading window controlled by the compliance officer governs when designated persons may trade; pre-clearance is required for trades above board-set thresholds with declarations of no unpublished price sensitive information. The code must set execution timeframes for pre-cleared trades, restrict contra trades for a prescribed cooling period with disgorgement for breaches, prescribe reporting formats, and provide sanctions and procedures for admitting persons to sensitive transactions.
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