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ARTICLE · 09 JULY 2024

Regulatory Update: Recent Amendments To The Insider Trading Regime

Since the introduction of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), the Securities and Exchange Board of India (SEBI)...

IndiaCompliance

Since the introduction of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), the Securities and Exchange Board of India (SEBI) has continuously tweaked the regulations through various amendments. On 25 June 2024, SEBI notified the SEBI (Prohibition of Insider Trading) (Second Amendment) Regulations, 2024 (PIT Amendment Regulations), to ease the trading plan framework and provide flexibility in the execution of trades by insiders under the PIT Regulations. The PIT Amendment Regulations will come into force 90 days from the date of their publication in the official gazette i.e., on 23 September 2024, providing a transition period for market participants to align their processes with the revised regulatory framework. The key changes introduced are as follows:

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