Institutional Mechanism for Prevention of Insider trading

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....ompany, intermediary or fiduciary shall put in place adequate and effective system of internal controls to ensure compliance with the requirements given in these regulations to prevent insider trading. (2) The internal controls shall include the following: a) all employees who have access to unpublished price sensitive information are identified as designated ^2[person]; b) al....

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.... and the board of directors or head(s) of the organisation of intermediaries and fiduciaries shall ensure that the Chief Executive Officer or the Managing Director or such other analogous person ensures compliance with regulation 9 and sub-regulations (1) and (2) of this regulation. (4) The Audit Committee of a listed company or other analogous body for intermediary or fiduciary shall review co....