Regulatory Insights
SEBI's Latest Insider Trading Amendments, Explained
The expanded definition of UPSI and new structured digital database requirements mean listed companies must revisit their codes of conduct.
VM
Vikram Menon
Regulatory Counsel · 5 Oct 2026 · 1 min read
Expanded UPSI definition
SEBI has widened the illustrative list of unpublished price sensitive information to include fund-raising plans, credit rating changes and regulatory actions.
Structured digital database
Listed entities must maintain a time-stamped, tamper-proof log of every person with whom UPSI is shared.
What compliance officers should do now
Update the code of fair disclosure, retrain designated persons and audit the SDD for completeness.
#SEBI#insider trading#listed companies
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