Answer-Under the SEBI (PIT) Regulations, 2015, information that has come to the market on a NON-DISCRIMINAT...

The SEBI PIT Regulations, 2015 treat unpublished price sensitive information as information not generally available. Conversely, information that is GENERALLY AVAILABLE means information accessible to the public on a NON-DISCRIMINATORY basis. Once information is properly disclosed and generally available, it ceases to be unpublished UPSI, and the trading-window prohibition founded on non-publicity lifts. This is why companies publicly disseminate results and then open their trading windows. The non-discriminatory-access test distinguishes legitimate trading from insider trading. Generally available information is defined in the Regulations and grounds the fairness of the market.

Question

Under the SEBI (PI

T Regulations, 2015, information that has come to the market on a NON-DISCRIMINATORY basis and is freely accessible to the public is termed:

A Promoter guidance

B 'Generally available information', the publication/release of which ends the trading-window closure and removes the UPSI character of the matter disclosed

C Unpublished inside information

D A tip

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