Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System Driven Disclosures for inclusion of listed Debt Securities

CIRCULAR 
SEBI/HO/ISD/ISD/CIR/P/2021/578
June16, 2021

To 
All Listed Companies
All Depositories
All NationwideStock Exchanges

Dear Sir/Madam,

Sub: Automation  of  Continual  Disclosures  under  Regulation  7(2)  of  SEBI (Prohibition of Insider Trading) Regulations, 2015 -System driven disclosuresfor inclusion oflistedDebt Securities.

1.SEBI,  vide  circularno.SEBI/HO/ISD/ISD/CIR/P/2020/168dated  September  09, 20201,implemented  theSystem  Driven  Disclosures in  phases,under  SEBI (Prohibition of Insider Trading) Regulations, 2015.

2.In terms   ofthe aforesaid Circular,System   Driven   Disclosures has   been implemented for member(s)of  promoter  groupand designated  person(s)in addition  to  the  promoter(s)and  director(s)of  company(hereinafter collectively referred  to  as entities) under  Regulation  7(2)  of  PIT  Regulationspertainingto tradinginequity shares and equity derivative instruments i.e. Futures andOptions of  the listed company(wherever  applicable) by  the  entities.The  disclosures  for Equity  and  Equity  Derivative  segments  are  being  displayed  on  the  exchange Website under ‘System Driven Disclosures’.

3.It  has  now  been  decided  to  include  the listed debt  securities  of  equity  listed companies under the purview of the said System Driven Disclosuresfor the entities mentioned at Para 2 above. Further, the procedure for implementation of System Driven Disclosures as provided in SEBI circular no. SEBI/HO/ISD/ISD/CIR/P/2020/168  dated  September  09,  2020,  shall  also  be applicable for the listed Debt Securities.

4.The Depositories and Stock Exchanges shall make necessary arrangementssuch that  the  disclosures pertaining  tolisted Debt  Securities  along  with equity  shares and equity derivative instrumentsare disseminated on the websites of respective stock exchanges with effect from July 01, 2021.

5.Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed companies and also disseminate the same on their websites.

6.This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulations4(3) and 11 of the PIT Regulations and to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

7.A copy of this circular is available on SEBI website at www.sebi.gov.inunder the categories “LegalCirculars”.

Yours faithfully,
N Sunil
Deputy General Manager
+91-22-26449317
nsunil@sebi.gov.in