MASTER CIRCULAR
SEBl/HO/lSD/lSD-PoD-2/P/ClN2022/118 September 13, 2022
To
- All Recognized Stock Exchanges
- All Depositories
- All Listed Companies
- All Market Intermediaries registered with SEBI under Section 12 of the SEBI Act, 1992
- Fiduciaries as per SEBI (Prohibition of Insider Trading) Regulations, 2015
Dear Sir/Madam,
Sub: Master Circular on Surveillance of Securities Market
- In order to ensure availability of comprehensive information mentioned in the circulars pertaining to Surveillance of Securities Market at one place, SEBI has been issuing Master Circular. This circular covers various circulars issued till August 31, 2022 by Integrated Surveillance Department.
- This Master Circular shall supersede previous Master Circular No. SEBl/HO/lSD/ISD/ CIR/P/2021/22 dated March 01, 2021
- This circular is issued with the approval of Competent Authority. Master Circular on Surveillance of Securities Market\
- This Master Circular is available on the SEB’ website at https://www.sebi.qov.in/ under the category “Legal*Master Circulars”
Yours faithfully,
Nitin Singh
Deputy General Manager Phone: +91-22-26449254 E-mail: [email protected]
Sr. No. | Contents | Page No. |
1 | Trading Rules and Shareholding in dematerialized mode | 4 |
2 | Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication | 6 |
3 | SEBI (Prohibition of Insider Trading) Regulations, 2015 3.1. Disclosures under Regulation 6 and Regulation 8 (Code of Fair Disclosure) and Regulation 9 (Code of Conduct) 3.2. Allowing Offer for Sale (OFS) and Rights Entitlements (RE) transactions during trading window closure period 3.3. Reporting to Stock Exchanges regarding violations relating to the Code of Conduct 3.4. Automation of Continual Disciosures under Reguiation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 System driven disclosures 3.5. Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezin PAN at securit level | 7 7 8 9 10 12 |
4 | Annexures 4.1 Annexure 1 — Formats for Disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 4.1.1 Form A— Regulation 7 (1) (a) read with Regulation 6 (2)— Initial disclosure to the company 4.1.2 Form B— Regulation 7 (1) (b) read with Regulation 6(2) Disclosure on becoming a Key Managerial Personnel/Director/Promoter/Member of the promoter group 4.1.3 Form C — Regulation 7 (2) read with Regulation 6(2) — Continual Disclosure 4.1.4 Form D — Regulation 7(3) — Transactions by Other connected persons as identified by the company 4.2 Annexure 2 – Report by (Name of the listed company/Intermediary/Fiduciary) for violations related to Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 4.3 Annexure 3 – Steps/process required to be taken for implementation | 14 14 14 15 16 18 20 22 |
5 | Schedule 1 – List of Circulars | 24 |
Schedule 1
List of Circulars
s. No. | Date | Number | Subject |
1 | 02-Sep-10 | SEBl/Cir/lSD/1/2010 | Trading Rules and Shareholding in dematerialized mode |
| 26-Oct-10 | SEBUCir/lSD/2/2010 | Clarification on Trading Rules and shareholding in dematerialized mode |
3 | 23-Mar-11 | Cir/ISD/1/201 1 | Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication |
4 | 24-Mar-1 1 | Cir/lSD/2/201 1 | Addendum to Circular no. Cir/lSD/ 1/2011 dated March 23, 2011 |
| 17-Jun-11 | Cir/lSD/3/2011 | Shareholding of promoter/promoter group to be in dematerialized mode |
| 30-Sep-11 | Cir/lSD/5/201 1 | Clarification on 100% promoter holding in demat form |
| 30-Mar-12 | SEBl/Cir/lSD/1/2012 | Exemptions from 100% promoter(s) holding in demat form |
8 | Il-May-15 | Cir/lSD/1 /2015 | Disclosures under SEBI (PIT) Regulations, 2015 |
9 | 16-Sep-15 | Cir/lSD/2/201 5 | Revised Disclosures formats under SEBI (PIT) Regulations, 2015 |
10 | 23-Jul-20 | SEBl/HO/lSD/ClR/P/P/2020/133 | Allowing Offer for Sale (OFS) and Rights Entitlements (RE) transactions during trading window closure period |
11 | 23-Jul-20 | SEBI/HO/lSD/ClR/P/P/2020/135 | Reporting to Stock Exchanges regarding violations of SEB’ (PIT) Regulations, 2015 relating to Code of Conduct |
12 | 09-Sep-20 | SEBl/HO/lSD/ClR/P/P/2020/168 | Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures |
13 | 09-Feb-21 | SEB I/HO/lSD/ClR/P/P/2021/19 | Revised disclosure formats under Regulation 7 of SEB! (Prohibition of Insider Trading) Regulations, 2015 |
14 | 16-Jun-21 | SEBl/HO/lSD/lSD/CIR/P/2021/578 | Automation of Continual disclosures under Regulation 7(2) of SEB! (Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures for inclusion of listed Debt Securities. |
15 | 13-Aug-21 | SEBl/HO/lSD/lSD/ClR/P/2021/617 | Automation of Continual Disclosures under Regulation 7(2) of SEB! Prohibition of Insider Trading) Regulations, 2015 – System driven disclosures – Ease of doin business. |
16 | 05-Aug-22 | SEBl/HO/lSD/lSD-SEC-4/P/CIR/2022/107 | Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) — Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level. |
