Insider trading
Regulation & taxTrading on unpublished price-sensitive information, prohibited under SEBI regulations.
In plain terms
Illegal, prosecuted, and the reason companies impose trading windows on their own staff.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
Designated person
Regulation & taxAn individual named in a listed company’s insider trading code as subject to the trading window, pre-clearance and disclosure requirements.
In plain terms
Not only senior management — finance, legal, secretarial, investor relations and immediate relatives are routinely covered. Plenty of people discover they were designated when a routine transaction triggers a compliance query.