Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Amends Insider Trading Rules: New Definitions, Digital Databases, and Whistleblower Mandates Effective April 2019.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Insider Trading Regulations of 2015, effective April 1, 2019. Key changes include defining 'financially literate' and 'proposed to be listed,' mandating listed companies to establish policies for 'legitimate purposes,' and requiring structured digital databases for information sharing. The amendments also clarify responsibilities for insiders, introduce pre-clearance exemptions for trades under approved plans, and redefine the roles of intermediaries and fiduciaries. New provisions require disclosure of financial relationships and educational backgrounds of designated persons, and establish internal controls to prevent insider trading. SEBI mandates whistleblower policies and inquiries into leaks of sensitive information.