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The Securities and Exchange Board of India (SEBI) issued the (Second Amendment) Regulations in 2024 to amend the Prohibition of Insider Trading Regulations, 2015. The key amendments include reducing the trading restriction period to 120 calendar days, specifying parameters for trade execution, and introducing procedures for non-implementation of trading plans. The compliance officer must approve trading plans within two trading days, and the insider must adhere to set price limits for trades. These amendments aim to enhance transparency and prevent insider trading activities in the securities market.