Examples of SEBI PIT Regulations in a sentence
Accordingly, the person who shares UPSI shall give proper notice to the recipient of UPSI to maintain confidentiality of such UPSI in compliance with SEBI (PIT) Regulations, 2015.
The person with whom the UPSI pertaining to the Company or its securities is shared shall be considered as ‘Insider’ under the SEBI (PIT) Regulations and shall also be required to abide by the Company’s internal Code of Conduct prohibiting insider trading, which means they can trade in the securities of the Company only in accordance with Regulations 3 and 4 of the SEBI (PIT) Regulations and the Company’s Code of Conduct.
The Compliance officer shall report to Audit Committee/Board of Directors any amendment to SEBI (PIT) Regulations, 2015 and accordingly this code will be amended by Audit Committee/Board of Directors depending upon the effect of proposed amendment.
Insiders who wish to trade in Securities may formulate a Trading Plan as prescribed under the SEBI PIT Regulations.
Any instance of violation of the SEBI PIT Regulations shall be placed before the Board and if deemed fit by the Board such instances of violation shall be reported to the Securities Exchange Board of India.