Mumbai: India’s capital markets regulator has floated a consultation paper proposing to include more people in the ambit of its insider trading regulations, including those who may be unofficially connected to company officials in possession of price-sensitive information. Connected persons are deemed to have access to unpublished price-sensitive information (UPSI). […]
unpublished price sensitive information (UPSI)
Understanding unpublished price sensitive information and prevention of insider trading The object behind the regulator’s decision is to facilitate ease of doing business for listed companies, which are regulated by it. The issue around unpublished price sensitive information (UPSI) is tricky, especially in context of insiders using such information to […]