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SEBI Notification No. : SEBI/LAD-NRO/GN/2024/195 dated July 25, 2024
Relevant Act/Rule: SEBI (Prohibition of Insider Trading) Regulations, 2015
Relevant Section/Rule: Regulation 2(1) Clause (i), (l); Regulation 7A clause d(iv),(v),(iva), Chapter II-A
SEBI had earlier vide notification no. SEBI/LAD-NRO/GN/2022/108 dated November 24,2022 had amended SEBI (Prohibition of Insider Trading) Regulations, 2015 by introducing SEBI (Prohibition of Insider Trading)(Amendment) Regulations, 2022. The amendments brought about changes in Regulation 2(1) Clause (i), (l); Regulation 7A clause d(iv),(v), insertion of new clause (iva) and a complete new chapter II-A on Restrictions on communication in relation to and trading by insiders in the units of Mutual Funds.
On July 25, 2024, SEBI vide Notification No. SEBI/LAD-NRO/GN/2024/195 announced November 1 ,2024 as the date the aforesaid amendment provisions will come into force.
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