SEBI's Master Circular on Surveillance of Securities Market
SEBI recently issued a master circular on surveillance of Securities Market in order to ensure availability of comprehensive information mentioned in the circulars pertaining to this matter at one place. The master circular cover provisions related to Trading Rules and shareholding in dematerialized mode, Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication, Disclosures and Reporting to Stock Exchanges regarding violations under SEBI (Prohibition of Insider Trading) Regulations, 2015, Offer for Sale (OFS) and Rights Entitlements (RE) transactions during trading window closure period, System driven disclosures, Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level among other important issues.
