India

SEBI Regulations on (Prohibition of Insider Trading), 2015, notified on 15 January 2015 and operative from 15 May 2015, have been enforced effectively as the main legal framework to stop any undue advantage in the Indian market. The regulation disallows any person who is labeled a connected insider from dealing with listed shares or derivatives when the person is in possession of insider information that is not disclosed to the public. Backed up with strong enforcement measures such as interim freezing of bank accounts and huge impounding orders, the environment requires that all public companies should have an unbreakable Structured Digital Database (SDD).