What is the purpose of identifying employees as Designated Persons under the internal control system, as per Reg 5H of SEBI (Prohibition of Insider Trading) Regulations, 2015?
As per Reg 5H- (1) The Chief Executive Officer / Managing Director of an asset management company with the approval of the trustee or such other analogous person of an intermediary or fiduciary,shall put in place adequate and effective system of internal controls to ensure compliance with the requirements given in these regulations to prevent insider trading. These internal controls shall include the following:(a).All employees who have access to unpublished price sensitive information are identified as DesignatedPersons;(b).All the unpublished price sensitive information shall be identified and its confidentiality shall be maintained as per the requirements of these regulations;(c).Adequate restrictions shall be placed on communication or procurement of unpublished price sensitive information as required by these regulations;(d).Lists of all employees and other persons with whom unpublished price sensitive information is shared shall be maintained and confidentiality agreements shall be signed or notice shall be served to all such employees and persons;(e).Periodic process review to evaluate effectiveness of such internal controls;(f).Compliance of all other relevant requirements specified under these regulations.
Recently Scientists of Which country have successfully produced cloned mice using freeze-dried cells?
Which of the following is known as the Rain forests of the oceans?
Kathak maestro Pandit Birju Maharaj recently died. He belonged to which Gharana?
What significant milestone did IREDA achieve in its annual financial results for FY 2023 - 24?
_________ became the world’s first $3 trillion company.
Zaakpay has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator that will allow Zaakpay to onb...
Recently non-banking finance company SV CreditLine and which private sector Bank have signed a co-lending collaboration for a ₹500 crore loan targeted...
Kharchi Puja, an auspicious festival began on June 26th to July 2nd, 2023 to worship the deity God of ____ state.
Which bank has been provided a relaxation of 3 years by the Reserve Bank of India to comply with the priority sector lending norms though no rela...
Recently DRDO (Defence Research and Development Organization) has celebrated its 65th Foundation Day on which of the following days?