Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015
Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) was issued on August 24, 2015 under regulation 11 of the PIT Regulations providing guidance to the market to remove certain difficulties in the interpretation or application of the provisions of the Regulations. The Guidance Note was subsequently amended on February 17, 2016.
Consequent to amendment to the PIT Regulations after approval of the report submitted by Committee on Fair Market Conduct, various clarifications have been sought by Market Participants on the amendments. Hence, the Guidance Note has been revised on July 5, 2019 to provide clarity on (i) Requirement of Maintaining Structured Digital Database and (ii) Scope of “Investment Company”.
The amended Guidance Note is available on the SEBI website www.sebi.gov.in.