Interim reward payment limits for insider trading informants: cap on interim grants and balance payable after recovery threshold Regulation 7D is amended to permit the Board to grant the full reward upon issuance of its final order where the total reward does not exceed a specified small value threshold; where the total reward exceeds that threshold the Board may grant an interim reward up to the threshold on issuance of the final order and the remaining balance is payable only after SEBI collects or recovers monetary sanctions amounting to at least twice the balance reward. The amendment also broadens reward language to cover any reward and adds an illustrative table setting out computation and interim payment caps.
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Interim reward payment limits for insider trading informants: cap on interim grants and balance payable after recovery threshold
Regulation 7D is amended to permit the Board to grant the full reward upon issuance of its final order where the total reward does not exceed a specified small value threshold; where the total reward exceeds that threshold the Board may grant an interim reward up to the threshold on issuance of the final order and the remaining balance is payable only after SEBI collects or recovers monetary sanctions amounting to at least twice the balance reward. The amendment also broadens reward language to cover any reward and adds an illustrative table setting out computation and interim payment caps.
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