Prohibition of Insider Trading (Amendment) Regulations, 2022

SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) (AMENDMENT) REGULATIONS, 2022

No. SEBI/LAD-NRO/GN/2022/108.—In exercise of the powers conferred by section 30 read with clause (g) of sub-section (2) of section 11 and clauses (d) and (e) of section 12A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, namely:—

1. These Regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022.
   
2. They shall come into force on such date as the Board may by notification in the Official Gazette, appoint.
   
3. In the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015,-
   
   I. in regulation 2,
   
   i. in sub-regulation (1),
   a. in clause (i), the words “except units of a mutual fund” shall be omitted.
   b. in clause (l), after the word and symbol “subscribing,” and before the word “buying” the words and symbol “redeeming, switching,” shall be inserted and after the word and symbol “subscribe,” and before the word “buy”, the words and symbol “redeem, switch,” shall be inserted.
   
   II. in regulation 7A, in clause (d),
   
   i. in sub-clause (iv), the word “and” shall be omitted.
   ii. After sub-clause (iv) and before sub-clause (v), the following sub-clause shall be inserted, namely,-
   “iv(a) regulations 5A to 5G of these regulations; and”
   
   III. after Chapter II and before Chapter III, the following Chapter shall be inserted, namely,-

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