Compliance
of Structured Digital Database
Pursuant to Regulation 3(5) of Securities
and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015,
the board of directors or head(s) of the organisation of every person required
to handle unpublished price sensitive information shall ensure that a
structured digital database is maintained containing the following:
Ø Names of such persons who have shared the information;
Ø Names of such persons with whom information is shared;
Ø Permanent Account Number or any other identifier of such persons;
Ø Database shall not be outsourced;
Ø Maintained internally with adequate internal controls and checks; and
Ø Time stamping and audit trails to ensure non-tampering to maintained.
Pursuant to Regulation 3(6) structured digital
database is required to be preserved for a period of not less than eight years
after completion of the relevant transactions and in the event of receipt of
any information from the SEBI regarding any investigation or enforcement
proceedings, the relevant information in the structured digital database shall
be preserved till the completion of such proceedings.
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