Hold information of workers for 1 yr after resignation: Sebi tells listed companies

2020/10 08 19:10

regulator on Thursday mentioned listed firms ought to make efforts to keep up up to date addresses and make contact with particulars of “designated workers” for one yr after their resignation, underneath the digital database.

Such information must be preserved by the corporate or middleman fiduciary for a interval of 5 years, mentioned in a set of often requested questions (FAQs) on insider buying and selling laws.

A listed agency wants to keep up structured digital database internally that inc­ludes particulars of unpub­lished worth delicate Data (UPSI) in addition to of individuals with whom such UPSI is shared, and particulars of individuals who’ve shared the data.

Equally, one other structured digital database must be maintained capturing such data.

In keeping with Sebi, all data required to be collected from designated individuals must be collated until the date of service with the corporate.

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