![Sebi](https://img.etimg.com/thumb/msid-111298718,width-210,height-158,imgsize-39512,resizemode-75/sebi.jpg)
It has allowed flexibility during formulation of trading plan, to provide price limits - upper price limits for buy trades and lower price limits for sell trades.
The regulator has provided a 20 % price range for buying or selling of shares in the trading plan.
"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .
Sebi said in case of non-implementation of trading plan, the insider should inform about it to compliance officer within two trading days with reasons.
The regulator proposed changes to trading plans after it received market feedback that the current rules on trading plans were onerous and not very popular. It said senior executives or key managerial personnel, have a very small window for carrying out their trades, due to being in possession of inside information most of the time, coupled with mandatory trading window closures for financial results.
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price