Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Employees’ Service) Regulations, 2001 Chapters List Chapter VI CONDUCT, DISCIPLINE AND APPEALS This
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Regulation 65 - Speculation in stocks, shares, investments, etc. - Securities and Exchange Board of India (Employees’ Service) Regulations, 2001Extract Speculation in stocks, shares, investments, etc. 65. (1) An employee shall not indulge in badla trading or trade, speculate in stock, shares, securities or commodities of any description. (2) No employee, shall, when in knowledge of unpublished price sensitive information, encourage any person to deal in the securities to which it relates. (3) Each employee is deemed to be an insider within the meaning of 1 [clause (g) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015] are applicable to each employee of the Board. In case of allegations of insider trading, the onus would be on the employee to prove that he is not guilty of insider trading. ********* 1 Substituted for the words, numbers and symbols sub-section (e) of Section (2) of the Securities and Exchange Board of India (Insider Trading) Regulations, 1992 and the provisions of the Securities and Exchange Board of India (Insider Trading) Regulations, 1992 by the SEBI (Employees' Service) (Second Amendment) Regulations, 2018, w.e.f. 1.6.2018.
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