Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System driven disclosures.

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....e circular no. CIR/CFD/DCR/17/2015 dated December 01, 2015, CFD/DCR/CIR/2016/139 dated December 21, 2016 and SEBI/HO/CFD/DCR1/CIR/ P/2018/85 dated May 28, 2018, implemented the system driven disclosures in phases, under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and PIT Regulations. 3. Pursuant to the aforesaid amendment of PIT Regulations and discussions held with the Stock Exchanges and Depositories, it has now been decided to implement the system driven disclosures for member(s) of promoter group and designated person(s) in addition to the promoter(s) and director(s) of company (hereinafter collectively referred to as entities) under Regulation 7(2) of PIT Regulations. 4. To begin with, the system driven d....

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.... development of, and to regulate the securities market. 12. A copy of this circular is available on SEBI website at www.sebi.gov.in under the categories "Legal→Circulars". Yours faithfully, N Sunil Deputy General Manager +91-22-26449317 [email protected] Encl: as above ANNEXURE - A Steps/process required to be taken for implementation: 1. The various formats and timelines for sharing of data shall be standardized, as agreed upon by the depositories and exchanges. 2. Listed company shall provide the information including PAN number of Promoter(s) including member(s) of the promoter group, designated person(s) and director(s) (hereinafter collectively referred to as entities) as per PIT Regulations to the designated depositor....

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....t account(s) separately to the stock exchanges on daily basis: * Details of transactions for pledge/revocation/invocation of shares and other encumbrances such as NDU etc. of the entities. * Details of off market transactions of the entities. * Details of transmission of shares of the entities. * Details of corporate actions such as ESOPs, Bonus, Rights, etc. of the entities * Additionally, details of market transfers in case of PAN Exempt entities. 8. Based on the PAN information provided by the depositories, on daily basis, stock exchanges will identify the transactions carried out on their trading system by the entities in the equities and equity derivative instruments (wherever applicable) of the listed company/permitted to t....