Welcome — Tracking SEBI's Prohibition of Insider Trading Regulations, 2015

Dolphin Infotek

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The SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) replaced the 1992 regime and remain the backbone of India's insider trading enforcement framework. Since their notification, the regulations have been amended repeatedly — expanding the definition of “connected persons,” tightening disclosure obligations for Designated Persons, introducing the Structured Digital Database (SDD), and building out SEBI's informant/whistleblower mechanism.

This blog will track:

  • Amendments to the PIT Regulations as SEBI notifies them
  • SEBI orders and enforcement actions under the PIT framework, with plain-language breakdowns
  • Board/SAT rulings that shape how “Unpublished Price Sensitive Information” (UPSI), “connected person,” and “trading plans” are interpreted in practice
  • Compliance practice notes — trading window mechanics, Code of Conduct obligations, structured digital database requirements, and continuing disclosure timelines
  • Consultation papers SEBI floats before formal amendments

The goal is a fast, accurate reference for compliance officers, company secretaries, and legal teams who need to track PIT developments without wading through every SEBI circular themselves.