Physics · Insider Trading Regulations
For non-individual insiders, which condition must be met to claim a defence under Regulation 4(1)(v)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015?
- 1A public notice must be issued to the stock exchange at least 24 hours prior to trading.
- 2The Chief Executive Officer must personally approve and execute each trade.
- 3The individuals taking the trading decisions must not possess Unpublished Price Sensitive Information (UPSI).✓
- 4All trading decisions must be ratified by the shareholders in an EGM.
Correct answer
The individuals taking the trading decisions must not possess Unpublished Price Sensitive Information (UPSI).
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