The Securities Exchange Board of India (SEBI) on February 07, 2025, issued the Consultation Paper on Draft Circular on Extension of automated implementation of trading window closure to Immediate Relatives of Designated Persons.
The following has been stated namely: -
• The Proposal was made to extend Automated implementation of Trading Window Closure for Immediate Relatives of Designated Persons of listed companies, on account of declaration of financial results.
• Comments/suggestions are invited from public on the draft circular titled “Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Extension of automated implementation of trading window closure to Immediate Relatives of Designated Persons”, placed as Annexure I to the consultation paper.
• Comments made be sent in the prescribed format by February 28, 2025 through:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComm
