Data is the new oil, and UPSI is the critical and sensitive data; if leaked to the public, affects the value of existing shares and shares in the market if revealed to the public.
The acronym stands for Unpublished Price Sensitive Information.
UPSI, as under the SEBI (Prohibition of Insider Trading) Regulations, 2015, includes information related to financial results, dividends, change in capital structure, mergers, de-mergers, acquisitions, delisting, disposals, and expansion of business and such other transactions, and also includes changes in key managerial personnel.
Although it is now imperative for businesses to be proactive in preventing insider trading and managing their information security, most companies still lack awareness of the challenges, threats and risks to which they are exposed.
To ensure businesses do not engage in INSIDER TRADING and MANIPULATING the market, SEBI (Securities and Exchange Board of India) has put in place a detailed policy on the regulation and communication of UPSI under SEBI's Prohibition of Insider Trading Act 2015 ("PIT Regulations")
Read below to know about SEBI's regulation on the communication of UPSI under SEBI's Prohibition of Insider Trading Act 2015 ("PIT Regulations")?
On pondering over the above, you will note that in all the above-related information on SEBI's UPSI policy, the major stressing matter for all concerned organisations is how to automate the compliance process of SEBI's UPSI as per the requirement and what is the right way of doing it.
This is where the expertise of Informatics comes into the picture.
If you are finding solutions to become a SEBI-compliant organisation, you can consider Informatics' very own secure insider trading software i.e. Velox UPSI. It is capable of making your SEBI compliance easier for the committee designated to track and manage records as per SEBI UPSI policy.
Velox UPSI is a ready-to-use centralised platform for UPSI declaration and submission, integrated with external systems to secure insider information adhering to SEBI guidelines.
In this current volatile economy, any threat to a company's assets needs to be treated seriously, and information is one such asset which requires handling with utmost care since Information security breaches can have a huge impact on an organisation's reputation. Companies must be proactive in securing their financial and economic assets. This will help them gain an edge over others in the market, stay compliant with SEBI and prevent insider trading from occurring on a grand scale.
Book a Demo to learn more about Velox UPSI.
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