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 3 terms
The period in which designated persons of a listed company may transact in its securities; it is closed from the end of each quarter until 48 hours after the results for that quarter are declared.
Four blocked stretches a year, roughly a third of it, before any unscheduled closure. It shuts on you regardless of what you actually know, because a rule that turned on individual knowledge could never be enforced.
An individual named in a listed company’s insider trading code as subject to the trading window, pre-clearance and disclosure requirements.
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.
Trading on unpublished price-sensitive information, prohibited under SEBI regulations.
Illegal, prosecuted, and the reason companies impose trading windows on their own staff.