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SEBI and its Role in Prohibiting Insider Trading |
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INTRODUCTION |
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In October 2019, Indian capital market regulator the Securities and Exchange Board of India (SEBI) declared that the code of conduct under the insider trading norms was applicable not only to persons designated by the board of a company but also to the promoters. It said, “The Prohibition of Insider Trading (PIT) regulations identify promoters as designated persons. Hence a person identified as a promoter is required to comply with the code of conduct requirements as required by other designated persons” ...
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