INSUBCONTINENT EXCLUSIVE:
notification on December 31, 2018, various new compliance requirements have been imposed on listed companies and intermediaries
Sebi has asked listed companies to have in place a policy and procedure for conducting inquiry in case of any leak of unpublished price
Regulation prohibits an insider from trading in securities while in possession of UPSI
The amendment has added an explanation to the clause which says that all trades undertaken while in possession of UPSI will be presumed to
Price Sensitive Information
the class of designated employees.
While some lawyers said these amendments will bring more transparency to the system, others said it will
increase the compliance cost for companies.
