SEBI’s Earnest Attempt for Linkage between LODR and Pit Regulations – Feeble or Effective?

Posted on November 30, 2023/ Nivedita Sharma/ Capital Markets and Securities Law Introduction – Laying Down Context Recently, SEBI released a consultation paper dated 18th May, 2023 (“Proposal”) on SEBI (Prohibition of Insider trading) Regulations, 2015 (“PIT Regulations”) which broadens the scope for unpublished price sensitive information (“UPSI”). Regulation 2(1)(n) of PIT Regulations defines UPSI as “any information, directly or indirectly related to a company or its securities, that is not generally available and is likely to materially affect the securities’…