SEBI (Prohibition of Insider Trading ) (Amendment) Regulations 2021. Initial disclosure requirement omitted.
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SECURITIES AND EXCHANGE BOARD OF INDIA
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NOTIFICATION
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Mumbai, the 26th April, 2021
SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) (AMENDMENT) REGULATIONS, 2021
No. SEBI/LAD-NRO/GN/2021/17.—In exercise of the powers conferred under Section 30 read with clause (g) of sub-section (2) of Section 11 and clauses (d) and (e) of Section 12A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, namely:–
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1. These regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2021.
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2. They shall come into force on the date of their publication in the Official Gazette.
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3. In the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, ─I. in regulation 7, in sub-regulation (1), clause (a) shall be omitted.
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AJAY TYAGI, Chairman
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[ADVT.-III/4/Exty./48/2021-22]
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Footnotes: 1. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 was published in the Gazette of India on January 15, 2015 vide No. LAD-NRO/GN/2014-15/21/85.
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2. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 was amended on,-
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i. December 31, 2018 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/ 2018/59;
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ii. January 21, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/02.
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iii. July 25, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/23.
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iv. September 17, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/32.
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v. July 17, 2020 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/23.
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vi. October 29, 2020 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/38
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