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of <h1>Regulation 7G: Informants' Reward Claims Rejected for Non-Original Info, Non-Cooperation, or Legal Obligations. SEBI Discretion Applies.</h1> Regulation 7G of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, outlines conditions under which an informant's claim for a reward may be rejected. No reward will be granted to informants who do not provide original information, obtained information through certain official capacities, are subject to criminal proceedings, refuse to cooperate with SEBI, make false statements, or are legally obligated to report such information. However, SEBI retains the discretion to exempt individuals from these disqualifications. These provisions were inserted by a notification effective from a specified date in 2019.
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