Photo of Tanya Nayyar

Senior Associate in the Financial Regulatory Practice at the Mumbai office of Cyril Amarchand Mangaldas. Tanya has advised domestic and global financial institutions, fintech entrants and foreign portfolio investors on a wide range of regulatory, compliance, governance and market conduct related matters, and has been involved in a number of M&A transactions involving banking, NBFCs, insurance and securities market intermediaries. She can be reached at tanya.nayyar@cyrilshroff.com

Recent amendments to the insider trading regime

Since overhauling the insider trading regime with the introduction of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”), the Securities and Exchange Board of India (“SEBI”) has continually sought to fine tune and tweak the regulations through amendments in 2018 and 2019. On July 17, 2020, SEBI notified the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020 (“PIT Amendment”), to introduce further changes to the PIT Regulations.
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