The Sebi (Prohibition of Insider Trading) Regulations, 2015 is one of Sebi’s critical regulations and concept of ‘Unpublished Price Sensitive Information’ (UPSI) being most crucial. UPSI means any information which if made public is likely to materially affect the price of securities. As is known, trading in securities while in possession of UPSI is an offense. The Sebi has proposed to amend the definition of UPSI by linking it with ‘material events’ as provided in Regulation 30 of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR). If the proposal goes through, UPSI will include all material events listed in Regulation 30.
Please click here to read the full article by Lalit Kumar, published in Financial Express.
