Regulation 7E. Determination of amount of Reward.
Effective date 26.12.2019
7E. (1) The amount of the Reward, if payable, shall be determined by the Board.
(2) While determining the amount of Reward under sub-regulation (1), the Board may specify the factors that may be taken into consideration by the Informant Incentive Committee.
(3) An Informant may be eligible for a Reward whether or not he reported the matter to his
organization as per its internal legal and compliance procedures and irrespective of such organization’s compliance officer subsequently providing the same Information to the Board.
Inserted vide the Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 dated 17.09.2019 w.e.f., 26.12.2019. To view the Notification. Click Here.
The Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 dated 17.09.2019
PIT- Schedule E [Inserted vide the SEBI(PIT) (Third Amendment) Regulations, 2019 dated 17.09.2019 w.e.f., 26.12.2019]