CURRENT AFFAIRS

Detailed explanation-1: -SEBI has enhanced the reward under its informant mechanism and streamlined the reward payment process. Securities and Exchange Board of India has amended its anti-insider-trading regulations to increase the maximum reward for informants to ₹10 crore from the current upper limit of ₹1 crore.

Detailed explanation-2: -The Market Regulator, SEBI has amended the prohibition of insider-trading regulations to increase the maximum reward for informants to Rs. 10 crores from the existing upper limit of Rs. 1 crore.

Detailed explanation-3: -The amount of reward shall be 10% of the amount collected but shall not exceed Rs. 1 crore or such higher amount as may be specified. An interim reward not exceeding Rs. 10 lakhs may be given at the stage of issue of the final order by SEBI against the person directed to disgorge.

Detailed explanation-4: -The regulations state that any person who is connected with a fund house and comes into possession of unpublished, price-sensitive information shall not be permitted to trade in MF units wherein either the net asset value (NAV) of the scheme could get impacted or the interests of unitholders may be compromised.