SEBI Proposes to Expand the Definitions of 'connected persons' and 'relative' in the SEBI (PIT) Regulations, 2015

Finsec Law Advisors - On July 29, 2024, the Securities and Exchange Board of India ("SEBI") issued a Consultation Paper, wherein it proposed certain amendments to broaden the scope of "connected persons" under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 ("PIT Regulations"). The article discusses the key changes proposed by SEBI and provides Finsec Law Advisor's views on the proposed changes.