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Date: 26-Jul-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 30 read with clause g of sub section 2 of section 11 and clauses d and

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification from the Securities and Exchange Board of India (SEBI) announces the effective date for the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022.

Key Changes

  • The Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022, will come into force on November 1, 2024.
  • This date is set by SEBI exercising powers conferred by section 30, read with clause (g) of sub-section (2) of section 11 and clauses (d) and (e) of section 12A of the Securities and Exchange Board of India Act, 1992 (15 of 1992).

Impact Analysis

Impact on Listed Companies

  • Non-compliance could lead to penalties and reputational damage.

Impact on Market Participants

  • Training and awareness programs may be necessary to ensure understanding and compliance.

Impact on SEBI

  • Increased monitoring and enforcement activities may be required.

Suggested Action Items

  • SEBI should develop clear guidelines and FAQs to assist market participants in understanding and complying with the amended regulations.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory body responsible for issuing the notification and enforcing the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022. Securities and Exchange Board of India Act, 1992 (15 of 1992): The Act under which SEBI derives its powers to issue the notification. Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022: The regulations that will come into effect on November 1, 2024.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-एम.एच.-अ.-26072024-255775 xxxGIDExxx CG-MH-E-26072024-255775 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 567] िई कदल्ली, ि क्रिार, ि लाई 26, 2024/श्रािण 4, 1946 No. 567] NEW DELHI, FRIDAY, JULY 26, 2024/SHRAVANA 4, 1946 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा म ंबई, 25 ि लाई, 2024 स.ं सबे ी/एलएडी-एिआरओ/िीएि/2024/195.—बोडड, भारतीय प्रजतभूजत और जिजिमय बोडड अजधजियम, 1992 (1992 का 15) की धारा 11 की उप-धारा (2) के खंड (छ) और धारा 12क के खंड (घ) एिं खंड (ङ) के साथ पठित धारा 30 द्वारा प्रदाि की गई िजियों का प्रयोग करते हुए, एतद्द्वारा, यह जिधाडठरत करता है कक भारतीय प्रजतभूजत और जिजिमय बोडड (अंतरंग व्यापार का प्रजतषेध) (संिोधि) जिजियम, 2022 1 ििम्बर, 2024 से लागू होंगे । बबीता राय डू, कायडपालक जिदिे क [जिज्ञापि-III/4/असा./336/2024-25] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 25th July, 2024 No. SEBI/LAD-NRO/GN/2024/195.—In exercise of the powers conferred by section 30 read with clause (g) of sub-section (2) of section 11 and clauses (d) and (e) of section 12A of Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby appoints the 1st day of November, 2024 as the date on which the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2022 shall come into force. BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./336/2024-25] 4634 GI/2024 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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