Examples of Leak of UPSI in a sentence
Introduction This Policy and Procedure for Inquiry in Case of Leak of UPSI or Suspected Leak of UPSI (“Policy”) has been formulated by Srei Infrastructure Finance Limited (“the Company”) in pursuance of Regulation 9A(5) of SEBI (PIT) Regulations, 2015 and shall be effective from 01.04.2019 and aims to provide a framework for inquiry in case of leak or suspected leak of UPSI.
Leak of UPSI means communication of information which is/deemed to be UPSI by any person, communicated either directly or indirectly, overtly or covertly, or in any manner whatsoever, except for legitimate purposes, by any Insider, Designated Persons of Company, intermediaries or fiduciaries or any other known or unknown person to any person other than a person(s) authorized by the Board or Compliance officer of the Company.
Leak of UPSI – shall refer to such act / circumstances(s) by virtue of which an UPSI is made available or becomes available, by any means or mode to any person, association, body, firm, agency, society, entity or to group thereof, whether registered or otherwise before its official publication or announcement or formal circulation in public domain and which shall also include any purported attempt thereof.
Any instances of leakage or suspected leakage of UPSI, before it is made generally available to the public through the Stock Exchanges where shares of the Company are listed, shall be promptly brought to the notice of Compliance Officer in the manner provided in Whistle Blower Policy of the Company and an inquiry shall be initiated as per the Policy and Procedure for inquiry in case of Leak of UPSI or Suspected Leak of UPSI of the Company.
Leak of UPSI is a disciplinary issue and may also constitute a criminal offence in certain cases.