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SEBI: Suggestions on review of disclosure requirements for material events or information
SEBI: Suggestions on review of disclosure requirements for material events or information

November 29, 2022

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Securities and Exchange Board of India (SEBI) had called for stakeholders’ inputs on Review of disclosure requirements for material events or information under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations). SEBI felt the need to review the regulations in view of the frequent non-compliances of timelines prescribed therein by listed entities for disclosure of material events/ information.

Our suggestions included retaining the timeline of 24 hours for disclosure of certain material events instead of 12 hours, removing the requirement of filing resignation letters by senior management, excluding general announcements, comments, and opinions  to mass communication media by directors, promoters, etc, amongst others.

Our detailed submission to SEBI is attached.

For more information, kindly write to tejasvi@nasscom.in.


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20221128-reviewofmaterialevents-lodrregulations-nasscomsubm.pdf

Tejasvi

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