SEBI circular dated 9th September, 2020 for automation of continual disclosures of PIT regulations – System driven disclosures. The system driven disclosures for member(s) of promoter group and designates employee(s) in addition to promoter(s) and director(s) of the company under PIT guidelines for listed companies. Based on PAN and demat account details provided, stock exchanges will identify the trades performed by the aforementioned entities in equities and equity derivative instruments which will then be disseminated on the stock exchange websites in case of disclosure trigger
Amendments to Prevention of Insider Trading guidelines dated 17th July, 2020 for structured digital database require directors or heads of organization to maintain UPSI digital database such that this function is not outsourced & maintained internally. Also, the structured digital database needs to be maintained for a period not less than eight years among other amendments.
ICSI guidance note on PIT regulations for UPSI digital database implementation by listed entities, intermediaries and broking houses.
Prohibition of Insider Trading (PIT) (Third Amendment) Regulations, 2019 dated 17 Sep 2019.