The Securities and Exchange Board of India (SEBI) is contemplating amendments to insider trading regulations, aiming to facilitate trading for key insiders while ensuring market fairness.
The proposed changes intend to ease restrictions for high-level personnel, enabling them to trade stocks more effectively. The review was prompted by feedback from a recent consultation paper indicating the current regulations are burdensome.
It now suggests significant alterations, including reduced waiting periods between disclosures, altering price limits for trades, and adjusting reporting norms.
A key point of discussion revolves around protecting the privacy of insiders when disclosing their trades. Suggestions range from maintaining full disclosure of personal details to withholding certain information to safeguard their privacy, while still ensuring transparency in the market.
Before making any regulatory changes, the SEBI is inviting public comment on the proposed amendments and privacy considerations.