CIRCULAR
CIR/ISD/02/2015
September 16, 2015
To,
All Recognized Stock Exchanges
Dear Sir/Madam,
Sub: Revised Disclosure Formats under SEBI (Prohibition of Insider Trading) Regulations, 2015
1. This has reference to Paragraph 1(i) of the SEBI Circular numbered CIR/ISD/01/2015 dated May 11, 2015 whereby the formats for disclosure under Regulation 7 of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (“the Regulations”) were provided for.
2. Based on various representations received and in view of SEBI Guidance Note dated August 24th, 2015, revised formats (Form A to Form D) are issued as annexed with this circular. The other conditions of the Circular dated May 11, 2015 shall remain unchanged.
3. All stock exchanges are advised to:
a. Put in place adequate systems and issue the necessary guidelines for implementing the above decision.
b. Make necessary amendments to the relevant bye-laws, rules and regulations as applicable for the immediate implementation of the above decision.
c. Bring the provisions of this circular to the notice of the listed companies/issuers and disseminate the same on their respective websites.
4. This circular is being issued in exercise of the powers conferred under Section 11 (1) of the SEBI Act 1992 and under regulations 4(3) and 11 of the Regulations and to protect the interests of investors in securities and to promote the development of and to regulate the securities market.
Yours faithfully,
Sunil Kadam
Chief General Manager
Integrated Surveillance Department
sunilk@sebi.gov.in
CAclubindia
