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SEBI to strengthen insider trading norms

India Infoline News Service | Mumbai |

SEBI chairman UK Sinha said that the regulator plans to introduce final guidelines for research analysts, for which it had issued draft norms

Capital market regulator Securities and Exchange Board of India (SEBI) said that its focus this year will be to strengthen the insider trading mechanism and risk management system on the exchanges.

Pointing out the major priorities for 2014, SEBI chairman UK Sinha said that the regulator plans to introduce final guidelines for research analysts, for which it had issued draft norms.

At present, SEBI is in the process of overhauling its nearly two decade old insider trading norms, pursuant to which those indulging in unlawful insider trading activities would be dealt with severely, Sinha said.

Many new categories of persons, including public servants, regulatory officials, judiciary officials dealing with unpublished price-sensitive information are being brought under the purview of insider trading, Sinha added.

Speaking about mutual funds industry, Sinha said that SEBI has issued a framework on 'product labelling' with colour coding for MFs in order to help investors understand the risk associated with the schemes.

Besides, MF distributors are allowed to become members in stock exchanges.


 

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