SEBI has expressed concerns about the insufficient judgement exercised by listed entities in categorizing announcements as unpublished price sensitive information (UPSI) and complying with the intent of the law. To address this issue and promote consistent compliance among listed entities, the Securities and Exchange Board of India (SEBI) has proposed amendments to the existing definition of UPSI. In a consultation paper, SEBI has recommended bringing disclosures required under Regulation 30 of LODR (Listing Obligations and Disclosure Requirements) under the revised definition of UPSI, aiming to enhance regulatory certainty and uniformity in compliance.
