000			01507nam a22001337a 4500
999			_c531529 _d531529
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100			_aBaghel, Pallavi _956715
245			_aFrom routine to restricted: Expanding scope of UPSI under SEBI 2025 amendment
260			_aChartered Secretary: The Jr. of Governance Professionals
300			_a55(8), Aug, 2025: p.144-148
520			_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 A key element of its regulation includes insider trading regulations that are based on the concept of unpublished price sensitive information (UPSI), about a business or the securities of an entity not publicly available, but are intended to show a significant impact on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
773			_aChartered Secretary: The Jr. of Governance Professionals
942			_cAR