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Below the Comment On SEBI Prohibition of Insider Trading Second Amendment Regulation 2024 by Makarand M. Joshi, founder, MMJC and Associates

"SEBI revamps provisions relating to trading plans by ensuring a balance between its usage and avoiding misuse. This move will bring in ease in complying with PIT regulations for market participants.

With this change SEBI also brings in flexibility in implementing trading plans under exceptional circumstances, thereby offering relief for KMPs and CXOs holding stock options. It is an employee-centric initiative aimed at making trading plans more corporate-friendly. Additionally it will facilitate ease of doing business.

The prohibition of Insider Trading Regulations had previously hindered employees' ability to create wealth through ESOPs. This move will easeout burden, making it easier to exercise stock options and trade while remaining compliant with these regulations.`

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