Answer-Under the SEBI (PIT) Regulations, 2015, a COMPANY (listed entity or intermediary) is required to ins...

Regulation 9 of the SEBI PIT Regulations, 2015 obliges listed companies and the intermediaries such as stock exchanges and depositories to formulate and implement a CODE OF CONDUCT to regulate, monitor and report trading by their directors, employees and other designated persons and their immediate relatives, including a TRADING-WINDOW mechanism and prior pre-clearance, and to report such trades to the company. This self-regulatory code operationalises the prohibition on insider trading. The code-conduct obligation is a foundational compliance duty under the PIT regime. It applies beyond listed companies to the intermediaries the Regulations specify.

Question

Under the SEBI (PI

T Regulations, 2015, a COMPANY (listed entity or intermediary) is required to institute a suitable internal CODE OF CONDUCT to regulate, monitor and report trading by its designated persons and immediate relatives, pursuant to:

A Section 180 of the Companies Act

B Regulation 29 of the SAST Regulation

C Regulation 9 and the prescribed code-conduct clause (including timely intimation and the trading-window mechanism)

D Regulation 3 alone

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