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Sebi targets analyst meets, proposes steps to curb information asymmetry

Companies will need to make an audio or video recordings for all such meets

brokers, market, sebi, regulator
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Sebi has said if companies discuss any unpublished price-sensitive information (UPSI) at such meetings, it needs to be immediately disclosed to the public at large

Samie Modak Mumbai
The Securities and Exchange Board of India (Sebi) has proposed slew of measures to curb information asymmetry arising from analyst meets and conference calls conducted by listed companies. 

Companies will now, according to the markets regulator, need to make audio/video recordings of all such meetings, which should be made available on their website and on stock exchanges within 24 hours of the event taking place.

However, if companies discuss any unpublished price-sensitive information (UPSI) at such meetings, the same needs to be disclosed immediately to the public at large, the regulator pointed out. 

Entities will have to prepare written transcripts of such calls,

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First Published: Nov 20 2020 | 6:56 PM IST

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