Stock trading gets easier for company insiders in India - MMJC

SEBI’s new rules introduce a “Trading Plans” framework to make insider trading more transparent and compliant.  This comes after a consultation paper issued in November 2023 to streamline the process.

“With this change SEBI also brings flexibility in implementing trading plans under exceptional circumstances, thereby offering relief for KMPs and CXOs holding stock options. It is an employee-centric initiative aimed at making trading plans more corporate-friendly. Additionally, it will facilitate ease of doing business.

The prohibition of Insider Trading Regulations had previously hindered employees’ ability to create wealth through ESOPs. This move will ease out burden, making it easier to exercise stock options and trade while remaining compliant with these regulations,” said Makarand M. Joshi.

The views shared by Mr. Makarand Joshi – Partner published in Business Standard!

The link to the article

https://www.business-standard.com/finance/personal-finance/stock-trading-gets-easier-for-company-insiders-in-india-here-is-how-124062700324_1.html