The National Securities Depository Limited (NSDL) on December 23, 2024, issued a circular regarding the trading window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 – Extending the framework for restricting trading by Designated Persons by freezing PAN at security level to all listed companies in a phased manner.
Accordingly, the framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at the security level shall be applicable for companies listed on BSE, NSE & MSEI till September 30, 2024, for the quarter ending December 31, 2024, effective from January 01, 2025.
Out of aforesaid companies listed on BSE, NSE & MSEI, those who have appointed NSDL as Designated Depository will be able to use their existing user log-in of NSDL Issuer Services portal (Issuer Portal: https://issuer.nsdl.com/) for updating Designated Persons details, defining trading window closure period and other related functionalities.
Operational guidelines for listed companies to implement ‘Trading Window Closure Period’ i.e. ‘Commencement Date’ and ‘End Date’ for its Designated Persons (“DPs”) and its salient features is provided in enclosed Annexure – A.
Accordingly, the last date to define trading window closure period for quarter ending December 31, 2024, effective from January 01, 2025, through NSDL Issuer Services portal is December 30, 2024 by 04:00 P.M.
[Circular No.: NSDL/CIR/II/26/2024]
