Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, namely: - 1. These Regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, - I. in regulation 2, sub-regulation (1), (1) in clause (d), sub-clause (i) shall be substituted with the following: "(i) any person who is or has been, during the six months prior to the concerned act, associated with a company, in any capacity, directly or indirectly, incl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l be omitted; (c) after the word "seemingly" the word "not" shall be inserted. (4) in clause (f), the Note shall be omitted; (5) in clause (g), the Note shall be substituted with the following, namely: "NOTE: Since "generally available information" is defined, it is intended that anyone in possession of or having access to unpublished price sensitive information should be considered as an "insider" regardless of the manner in which one came into possession of or had access to such information. Various circumstances are provided to enable such a person to demonstrate that he has not indulged in insider trading. Therefore, this definition is intended to bring within its reach any person who is in receipt of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on January 15, 2015 vide No. LAD-NRO/GN/2014-15/21/85. 2. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 was subsequently amended on, - i. December 31, 2018 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/ 2018/59. ii. January 21, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/02. iii. July 25, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/23. iv. September....