January, 2025 - MMJC - Page 7

In the dynamic landscape of financial markets, integrity and transparency stand as linchpins. Guarding against unethical practices like insider trading remains a top priority for regulatory bodies worldwide. In India, the Securities and Exchange Board (SEBI) embarked on a transformative journey five years ago, unleashing a Structural Digital Database (SDD) aimed at severing the threads

Introduction: Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirement), Regulations, 2015 (‘SEBI LODR’) read with Schedule III of SEBI LODR provides for disclosure of events or information by listed entities to stock exchanges. This regulation casts responsibility on the listed entities to make disclosures of any event or information

Securities and Exchange Board of India [‘SEBI’] vide its circular dt: December 31, 2024 notified norms for implementation of recommendations of expert committee for facilitating ease of doing business. Following are brief points notified by SEBI in this regard: Integrated Filing: SEBI has notified norms for Integrated Filing of financials and Governance. Integrated Filing Financials

Evolution of UPSI: The definition of Unpublished Price Sensitive Information (UPSI) under SEBI’s regulations has evolved significantly to enhance sensitivity about price sensitive information and prohibition of insider trading. As per the Securities and Exchange Board of India (SEBI) Prohibition of Insider Trading Regulations, (PIT) 2015, UPSI initially covered material events in accordance with the