SEBI Proposes Whistleblower Mechanism to Curb Insider Trading

  • On 10th June, 2019, the Securities and Exchange Board of India (SEBI) proposed a whistleblower mechanism to tackle insider trading cases.
  • The proposed policy would be implemented by amending SEBI (Prohibition of Insider Trading) Regulations, 2015.

Salient Features

  • Absolute Confidentiality: The mechanism would provide near absolute confidentiality along with appropriate safeguards, and it would help strengthen the mechanism for early detection of insider trading cases.
  • Dedicated Reporting Window: It will include a dedicated reporting window, voluntary information disclosure form, wherein the informant would submit details of credible, complete and original information relating to an act of insider trading, including communication of unpublished ....
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