Answer-Under the SEBI (PIT) Regulations, 2015 and the code of conduct framed thereunder, the TRADING WINDOW...

The TRADING WINDOW under the PIT code is the period during which trading in the companys securities by designated persons is CLOSED because they are or may be in possession of UPSI - customarily from the start of the reference period e.g., around the declaration of financial results until the information is made generally available and the window opens again. Trading during the closed window other than through an available pre-approved trading plan is treated as trading while in possession of UPSI. The window mechanism operationalises the prohibition through predictable compliance. Designated persons may trade only after the window reopens and, where required, with prior approval.

Question

Under the SEBI (PI

T Regulations, 2015 and the code of conduct framed thereunder, the TRADING WINDOW of a company is CLOSED:

A Never in any period

B When the designated persons are in possession of UPSI, typically during the period leading to and following the occurrence/specifically-notified events such as financial results, and trading is permitted only once the window reopens after the information is generally available

C Only during a general market holiday

D At the sole discretion of the brokers

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