Sebi to roll out system-driven disclosures for promoter group members

Markets regulator Sebi on Wednesday decided to implement system-driven disclosures for members of promoter group, directors and designated persons of a listed company.
To begin with, the system-driven disclosures will pertain to trading in equity shares and equity derivative instruments — futures and options — of the listed company by such entities, Sebi said in a circular.
The system-driven disclosures in the securities market were first introduced in December 2015 and are being implemented in a phased manner.
“It has now been decided to implement the system-driven disclosures for member(s) of promoter group and designated person(s) in addition to the promoter(s) and director(s) of company…under the PIT Regulations,” Sebi said.
The depositories and stock exchanges will have to make necessary arrangements such that the disclosures pertaining to PIT (Prohibition of Insider Trading) norms are disseminated on the websites of respective bourses from October 1.
It further said the