SEBI releases revised disclosure formats under Prohibition of Insider Trading Regulations [Read Circular]

The Securities and Exchange Board of India (SEBI) yesterday released revised disclosure formats under regulation 7 of SEBI (Prohibition of Insider Trading) (PIT) Regulations, 2015.

The SEBI Regulations prohibit an Insider from Trading in the Securities of a Company listed on any stock exchange on the basis of unpublished price sensitive information. The disclosure format has been revised In light of amendments to the PIT Regulations affecting the inclusion of members of the promoter group, and designated persons in place of employees, in Regulation 7 of PIT Regulations. The amendments were based on feedback received from market participants and stock exchanges and hence the relevant disclosure formats (Forms B to D) have been suitably revised. The updated/revised formats are annexed to the circular wherein it was announced.

To Read the full text of the Circular CLICK HERE

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