To which entities Insider Trading Guidelines are applicable.
As per guidlines, Listed companies and market intermediaries.
Which entities are covered as Market Inermediaries. It is not defined. However Intermediary is defined under SEBI Intermediaries regulations. Accordingly MF, VCF and CIS are not intermediaries. However AMC of MF is intermediary.
Question is - Is Alternative Investment Fund (AIF) or Investment Manager to AIF are market intermediaries and whether insider trading guidelines are applicable to them.
CAclubindia
