Question

UNPUBLISHED PRICE SENSITIVE INFORMATION, and his IMMEDIATE RELATIVE (his father) separately trades in the company's shares using that information. Under the SEBI (PI

  • T Regulations, 2015:
A The relative is wholly outside the Regulations
B Only the director, never the relative, can be liable
C The relative is exempt because he is not an employee
D The IMMEDIATE RELATIVE, being a CONNECTED PERSON, is a person in possession of UPSI, so the trading is INSIDER TRADING, and the entity's code of conduct applies to trading by immediate relatives of designated persons
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