System driven disclosures enable automated identification and public dissemination of insider trading-related transactions by tagged entities. Implementation of system driven disclosures automates continual disclosure obligations under Regulation 7(2) for promoters, promoter-group members, designated persons and directors by requiring listed companies to provide PAN or demat details to a designated depository, which will tag demat accounts at ISIN level and share daily transaction and corporate-action feeds with stock exchanges; exchanges will identify, consolidate and disseminate trades that trigger disclosure obligations on their websites on a T+2 basis.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
System driven disclosures enable automated identification and public dissemination of insider trading-related transactions by tagged entities.
Implementation of system driven disclosures automates continual disclosure obligations under Regulation 7(2) for promoters, promoter-group members, designated persons and directors by requiring listed companies to provide PAN or demat details to a designated depository, which will tag demat accounts at ISIN level and share daily transaction and corporate-action feeds with stock exchanges; exchanges will identify, consolidate and disseminate trades that trigger disclosure obligations on their websites on a T+2 basis.
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