Employee trading restrictions updated to align with insider trading regulations, shortening approval and cooling-off periods. SEBI aligns employee trading rules with the SEBI (Insider Trading) Regulations: compliance officer approval for an access person's security transaction is valid for one week instead of ten calendar days, and the prohibition on profiting from matched purchase-and-sale transactions by employees is reduced from sixty days to thirty days; issued under Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
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Provisions expressly mentioned in the judgment/order text.
Employee trading restrictions updated to align with insider trading regulations, shortening approval and cooling-off periods.
SEBI aligns employee trading rules with the SEBI (Insider Trading) Regulations: compliance officer approval for an access person's security transaction is valid for one week instead of ten calendar days, and the prohibition on profiting from matched purchase-and-sale transactions by employees is reduced from sixty days to thirty days; issued under Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.
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