Sebi looks to expand scope of info disclosed by listed companies

To boost transparency and protect investors, SEBI is proposing an expanded list of events that qualify as Unpublished Price Sensitive Information (UPSI) for listed companies. This includes events such as fundraising, management changes, regulatory actions, and any fraud or defaults by key figures in the company or its subsidiaries, whether in India or abroad. SEBI’s consultation paper suggests including loan settlements, restructuring plans, and forensic audit initiations as UPSI events. The regulator also aims to avoid additional compliance burdens on companies while clarifying UPSI guidelines. Public feedback is invited until November 30.

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