2025-02-10 04:38:40 pm | Source: PR Agency
Comment on SEBI proposing to allow automatic trading window closure for immediate relatives of designated persons by Makarand M Joshi, Founder, MMJC and Associates
Below the Comment on SEBI proposing to allow automatic trading window closure for immediate relatives of designated persons by Makarand M Joshi, Founder, MMJC and Associates
Automated trading window closure would reduce tracking of trades efforts by listed entities for immediate relatives of designated persons.
SEBI has proposed to restrict trading by only immediate relatives.
Automatic window closure is still not applicable for persons with whom designated persons have material financial relationship.
Data of immediate relatives of designated persons in the listed entities will now have to be kept updated at all times.
SEBI may consider increasing the scope of automated trading window closure to all categories of price sensitive information.
SEBI has proposed to restrict trading by only immediate relatives.
Automatic window closure is still not applicable for persons with whom designated persons have material financial relationship.
Data of immediate relatives of designated persons in the listed entities will now have to be kept updated at all times.
SEBI may consider increasing the scope of automated trading window closure to all categories of price sensitive information.
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