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Sebi amends insider trading norms; entities to maintain database on UPSI

This comes after the board of Sebi approved a proposal in this regard last month

Sebi
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The amendments include providing for maintaining a structured digital database containing nature of unpublished price-sensitive information

Press Trust of India
Markets regulator Sebi has amended insider trading norms, wherein listed entities will have to maintain a structured digital database containing nature of unpublished price-sensitive information.

This comes after the board of Sebi approved a proposal in this regard last month.

The amendments include providing for maintaining a structured digital database containing nature of unpublished price-sensitive information (UPSI), the names of persons who have shared the information, automation of the process of filing disclosures to stock exchanges, and restriction on trading window.

Further, entities would have to file the non-compliance of code of conduct with the stock exchanges, and the amounts

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First Published: Jul 21 2020 | 9:17 PM IST

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