Answer-Under the SEBI (PIT) Regulations, 2015, a 'CONNECTED PERSON' is principally defined to include:

Regulation 21d of the SEBI PIT Regulations, 2015 defines a connected person broadly - a person who is in possession of, or who is reasonably expected to have access to, UPSI persons acting in a fiduciary or professional capacity the companys employees, directors and officers and IMMEDIATE RELATIVES, among other enumerated categories and deemed persons. An insider is any person who is a connected person or who is in possession of UPSI. The breadth of connected person ensures the prohibition catches those realistically proximate to UPSI.

Question

Under the SEBI (PI

T Regulations, 2015, a 'CONNECTED PERSON' is principally defined to include:

A A person who is in possession of UPSI or who is associated in a fiduciary/managerial capacity or as an immediate relative, among the categories listed in Regulation 2(1)(d)

B Only a person holding more than 50% of the shares

C Only directors who have a personal website

D Any retail investor

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