01450nam a22001097a 4500008004100000100002100041245008400062260006200146300003200208520103800240773006201278250912b           ||||| |||| 00| 0 eng d  aBaghel, Pallavi   aFrom routine to restricted:  Expanding scope of UPSI under SEBI 2025 amendment   aChartered Secretary: The Jr. of Governance Professionals   a55(8), Aug, 2025: p.144-148  aSecurities and exchange board of India (SEBI) plays a primary role in regulating and governing capital markets in India  and is entrusted with protecting the  interests of investors and the proctor of fare dealing by undertaking strong surveillance of securities trading and corporate disclosures. A key element of its regulation includes insider trading regulations that are based on the concept of unpublished price sensitive information (UPSI), about a business or the securities of an entity not publicly available, but are intended to show a significant impact on price in the event of assure. This principle was organically enshrined under ht SEBI Prohibition of insider tardyon) regulations, 2015 (PIT regulations), but all that led to a paradigm shift in the years 2025. SEBI came up with a prescriptive deemed UPSI regime, with aider, much more event based deification of identifying UPSI, abandoning the customary price sensitivity test and a pre determined list of events being automatically deemed as UPSI. Reproduced      aChartered Secretary: The Jr. of Governance Professionals