CDSL issued a notification regarding extending the framework for restricting trading by Designated Persons by freezing PAN at the security level to all listed companies

Dec 21, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Central Depository Services (India) Limited (CDSL) on December 21, 2023, issued a notification regarding extending the framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies.

For trading window closure shall apply to a declaration of quarterly financial results for all listed companies. Timelines for phase-wise implementation of the framework and the operational guidelines are mentioned in the document attached.

[Notification No. CDSL/OPS/DP/POLCY/2023/743]


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