The NSE tracks compliance with insider trading laws

The NSE tracks compliance with insider trading laws

Mumbai, Aug 15 Earlier this week, the National Stock Exchange (NSE) shared compliance certificates regarding insider trading with companies, who are required to provide declarations because they have access to sensitive information and track it themselves.

Following this, NSE tracks whether companies are complying with this compliance or not.

The SEBI regulations on insider trading prohibit listed companies from trading UPSI in a structured digital database (SDD). This database includes a wide range of information that can affect the stock price, such as financial numbers, business plans, decisions to sell factories, mergers, demergers, dividends, etc.

In the compliance certificate, companies must ensure that the name and PAN number of the person with whom the information has been shared is maintained.

By August 9, this declaration had to be submitted.