THE SECURITIES AND Exchange Board of India (Sebi) has notified the expansion of the definition of "connected persons" who have access to price-sensitive information, with effect from December 5.
Bringing in more people under the scanner, the regulator has included relatives, related firms or partners and people living in the same household or residence as the person involved, to be a part of 'deemed connected persons'.
Sebi has changed 'immediate relative' to 'relative', which now includes spouse, parents (including in-laws), brothers and sisters (and their spouses), and children (and their spouses) of the person involved.
This story is from the December 12, 2024 edition of Financial Express Mumbai.
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This story is from the December 12, 2024 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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