India:
SEBI Proposes Electronic Framework To Restrict Trading By Designated Persons During Trading Window Closure Period
11 January 2023
AZB & Partners
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By way of a Circular dated August 5, 2022
(‘Circular'), SEBI has proposed an
electronic framework to restrict trading by a designated person
during the trading window closure period by freezing their
permanent account number at security level. The detailed mechanism
is set out in the Circular and this will come into effect from
September 30, 2022.
Originally published 30 September, 2022
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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