The Securities and Exchange Board of India (SEBI) on May 17, 2024, issued the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2024, to further amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
This shall come into force on May 17, 2024.
The following has been stated namely: -
• In regulation 2 which states “Definitions”, in sub-regulation (1) clause (e), after the words “non-discriminatory basis” and before the symbol “;”, the words “and shall not include an unverified event or information reported in print or electronic media”, shall be inserted.
• In regulation 2, sub-regulation (1) clause (e), in NOTE, after the words “appreciate what” and before the words “unpublished price”, the word ‘constitutes” shall be inserted.
• In regulation 2, sub-regulation (1) clause (e), in NOTE, the word “is” appearing after the words “unpublished price sensitive information” and before the symbol “.” shall be omitted.
[Notification no. - SEBI/LAD-NRO/GN/2024/181]
