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InsiderLens LCo

Insider trading compliance solution for Listed entities

InsiderLens-LCo

Be risk-free - comply fully with SEBI’s PIT regulations!

InsiderLens LCo meets compliance requirements for Listed entities
and is up-to-date with all regulatory changes!** 

Statutory and Regulatory compliance is crucial for the development, growth, and governance of companies. One mandatory regulatory requirement is Regulation 3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015, with Amendment Regulations announced in 2018, and subsequently too.
From October 2022 onwards SEBI asked BSE and NSE to conduct inspections of companies to ensure SDD compliance. By March 31, 2023, 1,000 such inspections were completed. Further 5,000 such inspections are expected to happen this year.
InsiderLens LCo is an automated digital solution that complies with SEBI’s guidelines for a Structured Digital Database (SDD) of persons with insider information. The software has adequate security controls to assure the SDD is untampered.
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Experience InsiderLens LCo:

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InsiderLens LCo helps mitigate the risk of regulatory action

InsiderLens LCO is an insider trading compliance solution to help the Secretarial Auditor receive end-to-end information on Un-published Price Sensitive Information (UPSI) for Audit confirmation of compliance. The Compliance Officer (CO) can use this integrated system to effectively manage and regulate several processes which may impact fair trading.
SEBI requires all listed entities (debt- or equity-listed) to maintain an SDD from April 1, 2019, to track the journey of every UPSI created in the company from start to closure/disclosure among the company’s Designated Persons (DPs) and their Connected Persons (CPs). InsiderLens LCo tracks all the trading, preventing disclosure violations, trading limit violations, and contra-trade violations, or at least make them known to the CO. Moreover, it facilitates the insulation of the CO from legal or regulatory actions in case of violations by Insiders or their CPs.

InsiderLens LCo is a robust, web-based framework that ensures adherence to best compliance and trading practices to help the Compliance Officer, as well as senior management, gain peace of mind, regarding compliance with these regulations.

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InsiderLens LCo

  • Window closure alerts to all DPs
  • Reconciliation of Beneficiary Positions
  • Records DPs declarations
  • Reports trades and disclosures
  • Cautioning alerts to prevent Insiders from trading in violation of the Regulations.
  • Tracks trade activities
  • Aauthentication to ensure database security
  • Deviation & Compliance Reports

What if you are non-compliant?

SEBI’s approach to insider information is stringent. The onus lies on insiders and COs, who must prove their honesty and accountability towards the sensitive data during any trading process. Any misuse of UPSI, Trading offense, or Communication offense flags a ground for
regulatory actions.

Why InsiderLens LCo?

  • Complies with SEBI’s guidelines for a Structured Digital Database (SDD) of authorities with private information.
  • Certified by an independent PCS firm as compliant with SEBI PIT regulations and up-to-date with amendments.
  • Conforms to best trading practices and assures peace of mind in terms of compliance with regulations.
  • Provides adequate security controls to ensure the appropriate data handling towards your Regulators and Society efficiently.
  • Offers a higher level of control to the Compliance Officer and the Management.
  • Maintains track of any trading activity till the time of public disclosure of the UPSI.
  • Notifies of any mismatch in BenPos provided by the RTA.
  • Keeps track of every person exposed to UPSI (DP or CP).
  • Protects company stakeholders and Compliance Officer from regulatory action for non-compliance and hence mitigates their risk.
  • As of April 22, 2023, InsiderLens LCo serves approximately 250 listed entities countrywide.

Axar -Your Partner and Guide in Compliance!

** As certified by an independent PCS firm. Certificate available to clients.

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For support

Call us on +91 – 20-4014- 9976
Email us at support@axardigital.com

Understanding Regulatory Terminologies

** Source: SEBI (Prohibition of Insider Trading) Regulations, 2015.

Insider: A “designated person”, “connected person” or a person possessing or
having access to Unpublished Price Sensitive Information (UPSI)

Designated Person: One who has been associated with the company in any
capacity such as a director, promoter, officer, or employee or in a contractual or
fiduciary relationship with the company; and includes a list of “deemed designated
persons”.

Connected Person: Any person who is or has been associated with the Company
for six months prior, in any capacity and has direct or indirect access to Unpublished
Price Sensitive Information (UPSI)

Unpublished Price Sensitive Information (UPSI): Any information relating to
securities of a company that is not generally available and, upon being available, is
likely to materially affect the price of the company’s securities. It includes matters
such as financial results, dividends, changes in capital structure, significant
corporate transactions, and changes in key managerial personnel.