SEBI Amends Insider Trading Norms | Mandates Compliance Officer to Approve/Reject Trading Plan Within 2 Days of Receipt
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- Last Updated on 27 June, 2024
Latest from Taxmann
Notification No. SEBI/LAD-NRO/GN/2024/184, Dated 25.06.2024
SEBI has notified the SEBI (Prohibition of Insider Trading) (Second Amendment) Regulations, 2024. As per the amended norms, the compliance officer must approve or reject the trading plan within 2 trading days of receiving it. Further, the compliance officer must notify the approved plan to the stock exchanges on which the securities are listed, on the day of approval. These regulations are effective from the 90th day of publication in the Official Gazette.
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