-30/July/2024
SEBI proposes to widen the definition of relatives under insider trading rules, substituting the word “immediate relative” with “relative” amongst other changes, expected to significantly widen the compliance net of the Insider Trading Regulations in India.
This change would widen the scope to include spouse, siblings, siblings of spouse, siblings of parents, all lineal ascendant or descendant as well as their spouses.
Further, SEBI has also proposed to include more categories of connected persons themselves including at the level of partnership firms and corporate bodies.
Read more here on the Economic Times
AFFINIS remains the only application so far ahead of its time that it encapsulates these changes even before release, re-affirms the design strength and intelligence of our products here at Jonosfero International.
