Key highlights of amendments:
- Listed entities will have to maintain a structured digital database containing nature of unpublished price-sensitive information (UPSI), the names of persons who have shared the information, automation of the process of filing disclosures to stock exchanges, and restriction on trading window.
- The structured digital database will be preserved for a period of at least 8 years after completion of the relevant transactions.
- Such database will not be outsourced and will be maintained internally with adequate internal controls to ensure non-tampering of the database.
- Entities would have to file the non-compliance of code of conduct with the stock exchanges, and the amounts if any collected for such non-compliances would be credited to the Investor Protection Education Fund administered by SEBI.
