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<h1>SEBI's Insider Trading Regulations 1992: Key Definitions, Prohibitions, and Penalties Explained.</h1> The Securities and Exchange Board of India (SEBI) issued the Insider Trading Regulations, 1992, under the authority of the SEBI Act, 1992, with approval from the Central Government. The regulations define key terms such as 'insider,' 'connected person,' and 'unpublished price sensitive information' and prohibit insiders from trading based on such information or communicating it to others. SEBI is empowered to investigate suspected insider trading, requiring insiders to cooperate by providing documents and information. Violations can lead to penalties, including restrictions on trading and communication. Aggrieved parties may appeal SEBI's decisions to the Central Government.