SEBI proposed changes of UPSI will bring in transparency

With the aim of facilitating better transparency and timely disclosures of material events and information by listed companies, the capital markets regulator has proposed to modify the existing definition of Unpublished Price Sensitive Information (UPSI) The proposed changes, if implemented, will broaden the definition of UPSI multi-fold and the consequent compliances will require substantial efforts on the part of stakeholders.

In this context, Manendra Singh, Partner, Economic Laws Practice (ELP) has been quoted in an article Sebi proposed changes of UPSI will bring in transparency published by ETLegalWorld.

The article can be read here: Click Here