Legally Bharat

Sebi’s proposed insider trading amendments face criticism for expanding definitions, ET LegalWorld

Sebi recently proposed amendments to the Sebi (Prohibition of Insider Trading) Regulations 2015. Under PIT regulations, an ‘insider’ is someone who has access to unpublished price-sensitive information (UPSI) or is a ‘connected person’. The proposal expands the current law, which criminalises certain conduct by creating a presumption, effectively overturning the ‘innocent until proven guilty’ principle. […]