The Tax Publishers

SEBI--PIT Regulations

An Insight into SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2020

Pragya Bhandari

The learned author, in this write-up, elucidates the pragmatic amendments brought by SEBI in the SEBI (Prohibition of Insider Trading) Regulations, 2015 through SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2020 prescribing norms for structured digital database, continual disclosures, violation of Code of Conduct, exemption from trading window restrictions, etc.

1. Prologue

The Securities and Exchange Board of India (SEBI) has always been agitated with the onerous task of curbing insider trading as it prejudices smooth functioning of securities market and undermines investors confidence, however, the problem in detecting and prosecuting nevertheless stays a challenge. To curb the practice of insider trading, SEBI framed the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred as PIT Regulation), however, series of amendments have been made in this regulation till now. Recently, in order to reinforce framework for prohibition of securities fraud and insider trading, SEBI notified the Securities and Exchange Board of India (Prohibition of Insider Trading)(Amendment) Regulations, 2020 (hereinafter referred as PIT Amendment Regulation), dated 17-7-2020.

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

TaxPublishers.in

'Kedarnath', 7, Avadh Vihar, Near Nirali Dhani,

Chopasni Road

Jodhpur - 342 008 (Rajasthan) INDIA

Phones : 9785602619 (11 am - 5 pm)

E-Mail : mail@taxpublishers.in / mail.taxpublishers@gmail.com