This article examines SEBI's recent proposals to update the definition of Unpublished Price Sensitive Information (UPSI) under the SEBI (Prohibition of Insider Trading) Regulations, 2015. These proposals aim to improve listed companies' clarity, consistency, and compliance by aligning the UPSI definition with critical events and thresholds outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The key topics covered include:
‣ Introduction
‣ Background and Rationale
‣ Current Definition of UPSI
‣ Key Proposals from SEBI
