Upsurge in list of UPSI | SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2025

– Pammy Jaiswal and Payal Agarwal | corplaw@vinodkothari.com

Pursuant to SEBI (Prohibition of Insider Trading) Amendment Regulations, 2025, SEBI has amended UPSI definition, effective from June 10, 2025 inserting a longer list of information, some of which may seem purely operational or business-as-usual for listed companies. Several questions arise: Whether each of this information will be regarded as “deemed UPSI”, thereby requiring compliance officers to do the drill of structured digital database entry to even trading window closure every time such an event occurs? What are the immediate actionables on the company? Whether the list of UPSI gets restricted only to the prescribed events or has to be tested for price sensitivity?

In this video, Ms. Pammy Jaiswal and Ms. Payal Agarwal discuss and analyse the scope of amendments, what it means for listed entities and the actionables that follow:

See our other resources at Prohibition of Insider Trading – Resource Centre