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of <h1>SEBI Updates Disclosure Formats Under Insider Trading Regulations 2015; Stock Exchanges to Implement Changes for Investor Protection.</h1> The Securities and Exchange Board of India (SEBI) issued a circular revising disclosure formats under the SEBI (Prohibition of Insider Trading) Regulations, 2015. The updated formats, Forms A to D, are based on feedback and a guidance note dated August 24, 2015. Stock exchanges must implement these changes, amend relevant rules, and inform listed companies. The circular, issued under SEBI's regulatory powers, aims to protect investors and regulate the securities market. The revised forms cover initial disclosures, disclosures upon becoming a key managerial personnel or promoter, continual disclosures, and transactions by other connected persons.
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