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    <title>SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) (SECOND AMENDMENT) REGULATIONS, 2019</title>
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    <description>The amendments broaden coverage by substituting &quot;person&quot; for &quot;employee&quot; in regulation 9A(2)(a), replace &quot;can&quot; with &quot;shall&quot; in Schedule B clause 4 to make trading-window restrictions mandatory, and add an exemption clause listing transactions not subject to trading-window restrictions-including specified regulatory transactions and bona fide pledges subject to pre-clearance. Schedule B clause 14 and Schedule C clause 12 are revised to limit gift references to gifts from designated persons and to substitute references to the annual income of such designated persons; Schedule C also corrects typographical terms.</description>
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