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SEBI Extends Trading Window Curbs to Immediate Relatives

23 April 20251 min read
BANKING & FINANCESEBI Extends TradingWindow Curbs toImmediate Relatives23 April 2025safalsetu.com

Why in the news

SEBI widened insider trading safeguards so that close family of company insiders cannot trade while price-sensitive information is unpublished.

Key facts

  • Automated trading window closure now covers immediate relatives of designated persons (DPs).
  • Relatives: spouses, children, parents and siblings who are financially dependent or consult the DP on trades.
  • The closure applies while UPSI is accessible.
PhaseStartApplies to
Phase 11 July 2025Top 500 listed companies by market cap
Phase 21 October 2025All listed companies

Mechanism

  • Companies upload PAN, names and demat details of DPs and relatives.
  • Exchanges and depositories freeze windows from this data; changes processed within two trading days.
  • Exemptions can be sought and lapse automatically afterwards.

Exam angle

  • Terms: DP, UPSI.
  • Regulator: SEBI.

Test yourself

1. What does UPSI stand for in SEBI's trading window rules?

The window closes when UPSI is accessible.

2. From which date does Phase 1 of the relatives trading window framework apply to the top 500 listed companies?

Phase 1 begins on 1 July 2025.

3. Within how many trading days must updates to the uploaded DP and relative data be processed?

Updates must be processed within two trading days.

This topic is part of Daily Current Affairs 23 April 2025 (23 topics).

All topics of the dayDay quizApril 2025

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