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of <h1>Regulation 5C Enforces Confidentiality in Insider Trading, Mandates Policies and Digital Tracking for Asset Management Companies</h1> Regulation 5C of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, prohibits insiders from communicating unpublished price-sensitive information unless for legitimate purposes, duties, or legal obligations. It mandates asset management companies to establish policies defining 'legitimate purposes' and requires recipients of such information to maintain confidentiality. Insiders must handle information on a need-to-know basis, and a structured digital database must be maintained to track information sharing, preserved for at least eight years. This regulation aims to prevent unlawful procurement and ensure confidentiality in trading by insiders in mutual fund units.
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