Question

    The Securities and Exchange Board of India (SEBI) made

    amendments to the Insider Trading Regulations in 2024. What key expansion was made to the definition of "connected persons" under these new regulations?
    A Employees in managerial positions Correct Answer Incorrect Answer
    B Immediate relatives of employees Correct Answer Incorrect Answer
    C Vendors of listed companies Correct Answer Incorrect Answer
    D Market analysts and advisors Correct Answer Incorrect Answer
    E Independent directors of companies Correct Answer Incorrect Answer

    Solution

    SEBI broadened the definition of "connected persons" to include immediate relatives of employees, making insider trading regulations more stringent.

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