https://www.taxtmi.com/notifications?id=127913 Amendments broaden the insider trading framework by defining "financially literate", expanding "proposed to be listed", and treating recipients of unpublished price sensitive information shared for a legitimate purpose as insiders. Boards must adopt policies defining legitimate purposes, maintain a structured digital database with identifiers and audit trails, and ensure internal controls. Intermediaries and fiduciaries must adopt codes of conduct per Schedule C identifying designated persons, imposing pre-clearance (with trading-plan exceptions), restricted lists, contra trade rules, disclosure obligations for designated persons, and disciplinary measures including recovery and clawback. en-us Mon, 31 Dec 2018 00:00:00 +0530 Wed, 23 Jan 2019 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127913 Amendments broaden the insider trading framework by defining "financially literate", expanding "proposed to be listed", and treating recipients of unpublished price sensitive information shared for a legitimate purpose as insiders. Boards must adopt policies defining legitimate purposes, maintain a structured digital database with identifiers and audit trails, and ensure internal controls. Intermediaries and fiduciaries must adopt codes of conduct per Schedule C identifying designated persons, imposing pre-clearance (with trading-plan exceptions), restricted lists, contra trade rules, disclosure obligations for designated persons, and disciplinary measures including recovery and clawback. Notifications SEBI Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127913