Live
- Seven-day national mourning in respect of Dr. Manmohan Singh
- 'I've lost a mentor and guide': Rahul Gandhi grieves demise of Dr. Manmohan Singh
- 'Great loss for all of us': President Droupadi Murmu mourns Manmohan Singh's demise
- Dr Singh presented milestone budget of 1991 which liberalised Indian economy: FM Sitharaman
- PM Modi condoles demise of Dr. Manmohan Singh
- Former Prime Minister Manmohan Singh Dies at 92: A Legacy of Economic Reforms
- Nagesh Trophy: Telangana, Gujarat dominate action on Day 4 with easy wins
- Get Ready for Dreame Technology’s Year-End Amazon Sale – Big Savings on Smart Home Products
- FIR registered as 4 voter forgery cases come to light in Delhi's Okhla constituency
- Ayodhya Ram temple to host majestic anniversary celebrations on Jan 11 with devotional, cultural programmes
Sebi keeps tab on insider trading
The market regulator Sebi on Tuesday came out with a new mechanism to reward whistleblowers and other informants for sharing information about insider trading cases.
New Delhi: The market regulator Sebi on Tuesday came out with a new mechanism to reward whistleblowers and other informants for sharing information about insider trading cases.
Under the new framework, it would be mandatory to disclose the source of information, besides, confidentiality regarding the identity of the informant would be protected, the regulator said in a statement.
Insider trading refers to trading of securities, while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities.
The Securities and Exchange Board of India (Sebi) said, "reward would be given in case the information provided leads to a disgorgement of at least Rs 1 crore in accordance with the PIT (Prohibition of Insider Trading) Regulations".
The regulator said that Office of Informant Protection (OIP) has been established by it as an independent office for receiving and processing Voluntarily Information Disclosure Form (VID form).
