Insider Trading Rules Expanded: Wider Definition of "Insiders" and Burden of Proof Shifted to Alleging Party. https://www.taxtmi.com/highlights?id=83849 The Securities and Exchange Board of India (SEBI) has amended the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The key changes include expanding the definition of "connected person" to include anyone with access to unpublished price sensitive information (UPSI), directly or indirectly, and introducing a broader definition of "relative" to cover more family relationships. The amendments aim to strengthen insider trading regulations by widening the scope of individuals considered insiders and connected persons. The burden of proving possession of UPSI now lies with the person alleging insider trading. en-us Tue, 10 Dec 2024 16:46:40 +0530 Tue, 10 Dec 2024 16:46:40 +0530 TaxTMI RSS Generator Insider Trading Rules Expanded: Wider Definition of "Insiders" and Burden of Proof Shifted to Alleging Party. https://www.taxtmi.com/highlights?id=83849 The Securities and Exchange Board of India (SEBI) has amended the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The key changes include expanding the definition of "connected person" to include anyone with access to unpublished price sensitive information (UPSI), directly or indirectly, and introducing a broader definition of "relative" to cover more family relationships. The amendments aim to strengthen insider trading regulations by widening the scope of individuals considered insiders and connected persons. The burden of proving possession of UPSI now lies with the person alleging insider trading. Highlights SEBI Tue, 10 Dec 2024 16:46:40 +0530 https://www.taxtmi.com/highlights?id=83849