The Securities and Exchange Board of India (SEBI) on March 11, 2025, issued the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2025, to further amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.
This shall come into force from June 09, 2025.
The following has been stated namely:-
• In regulation 2, sub-regulation (1), in clause (n), sub-clause (iv), after the words “expansion of business” and before the words and symbol “and such other transactions;”, a new words and symbols shall be inserted, namely:-“, award or termination of order/contracts not in the normal course of business”.
• In regulation 2, sub-regulation (1), in clause (n), sub-clause (v), after the words “changes in key managerial personnel” the symbol “; and” shall be substituted with the words and symbols “, other than due to superannuation or end of term, and resignation of a Statutory Auditor or Secretarial Auditor;”.
• In regulation 3, after sub-regulation (5), a new proviso shall be inserted, namely:- “Provided that entry of information, not emanating from within the organisation, in structured digital database may be done not later than 2 calendar days from the receipt of such information”.
Detailed notification is attached below.
[Notification no. SEBI/LAD-NRO/GN/2025/235]
