SEBI Mandates Automated Trading Window Closure for Designated Persons and Immediate Relatives Under New Regulatory Framework

SEBI issued a circular extending automated trading window closure to immediate relatives of Designated Persons (DPs) for listed companies. The framework mandates restricting trading during sensitive periods, particularly around financial results, through a systematic PAN-ISIN freeze mechanism. Implementation will occur in two phases: top 500 companies by July 01, 2025, and remaining listed companies by October 01, 2025. Depositories and stock exchanges must develop systems to automatically freeze trading for DPs and their immediate relatives during specified trading window closure periods, with detailed procedural guidelines for identification, notification, and execution of trading restrictions. .....

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