Overview

• SEBI chief Tuhin Kanta Pandey met MDs and CEOs of listed banks in Mumbai to press stricter compliance with insider trading rules and to treat any informal sharing of unpublished price‑sensitive information as a breach.
• He highlighted banks’ dual responsibilities as listed entities and as fiduciaries holding other companies’ confidential information, citing loan sanctions, debt restructurings, and insolvency committees as frequent sources of UPSI.
• Banks must maintain two Structured Digital Databases—one for their own UPSI and another for fiduciary UPSI—capturing all sharing in secure, time‑stamped, tamper‑proof logs, with SEBI signaling zero tolerance for non‑compliance.
• Boards were told to fully empower compliance officers with authority, tools, and training, and to avoid bypassing their oversight in enforcing the Prohibition of Insider Trading regulations.
• SEBI urged broader use of technology, including automated trading‑window controls, centralized pre‑clearance and disclosure portals, and digital training, with new solutions to monitor trades during sensitive periods not yet covered by automation.