Regulation 7M. Public dissemination and incentivisation of Informant.
Effective date 26.12.2019
7M. (1) The Board shall upload on its website the following,-
i. Annual report of the Office of Informant Protection;
ii. Press release informing the public that an intimation to the Informant has been issued under Regulation 7D;
iii. Press release informing the public that a Reward has been paid under these regulations and the amount of Monetary Sanctions recovered pursuant to the information provided by the Informant;
iv. The Order issuing the Reward;
Explanation. – Nothing in this regulation shall require the Board to disclose information that could identify the Informant or the information provided by the Informant.
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