Introduction of system-driven disclosures in securities market

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..... Introduction of system-driven disclosures in securities market 1. SEBI has specified the disclosure requirements relating to acquisition, sale and pledge of securities under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (hereinafter referred to as SAST Regulations ) and SEBI (Prohibition of Insider Trading) Regulations, 2015 (hereinafter referred to as PIT .....

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..... all pertain to acquisition/disposal of equity shares by promoters/promoter group based on specified thresholds under the SAST Regulations and PIT Regulations and pledge of equity shares by promoters/promoter group under the SAST Regulations. 3. Initially, this system would run in parallel with the existing system i.e. the promoters/promoter group shall continue to comply with the disclosure obl .....

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..... a. 9. This circular is issued in exercise of powers conferred by section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 10. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework/Circulars . Yours faithful .....

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..... epositories and must also include the PAN of the promoter/promoter group. In respect of PAN exempt entities, the account numbers will be provided. 2. Based on the PAN/account numbers, the depositories will tag such demat accounts in their depository systems at ISIN level as of the promoter/promoter group. 3. In case of any subsequent changes in the promoter or promoter group of the listed co .....

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..... minate the data on its website in accordance with the respective regulations. 6. The RTAs may then check the disclosures made by the promoter entities as per the current regulatory requirements and match the same with the disclosure generated by the systems so that any discrepancies may be found and necessary action taken for rectification of the same. The Promoters or members of the Promoter G .....

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