The Securities and Exchange Board of India (SEBI) proposed revisions to the definitions of ‘connected person’ and ‘relative’ under insider trading regulations. The aim is to avoid increased compliance burdens by retaining the term ‘immediate relative’ solely for disclosures and conduct codes. The proposed changes include adding relatives of connected persons and those influencing connected persons through advice. Public comments on these changes are invited until August 18. These adjustments are meant to enhance regulations without imposing additional disclosure requirements.
SEBI Proposes Changes to Insider Trading Rules
