SEBI Extends Trading Window Closure Under Insider Trading Norms to Immediate Relatives of Designated Persons
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- Last Updated on 23 April, 2025
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Circular no. SEBI/HO/ISD/ISD-PoD-2/P/CIR/2025/55; Dated: 21.04.2025
SEBI has extended its automated trading window closure mechanism to include the immediate relatives of designated persons (DPs) in listed companies, on account of the declaration of financial results. This move aims to prevent non-compliance with insider trading norms by ensuring that individuals who may have access to UPSI, such as quarterly results, are prohibited from trading during specified periods. Earlier, the restriction applied only to DPs.
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