Insider Trading Compliance Software
About Us : Governance is the key requirement for top managements of organizations. Governance means ensuring that the interests of the stake-holders is appropriately taken care of. Axar ensures that Corporate Governance remains the primary focus of all its solutions and its
products help the clients to take care of the following primary stakeholder groups – ●
Shareholders – those who brought the company into existence
●
Customers – those who are the reason for the company’s existence
●
Employees – those who ensure that the company stays in existence, grows and provides increasing happiness to all stakeholders
Worried about complying with SEBI’s new regulations on insider trading?
“With effect from April 01, 2019, “structured digital database”containing the names of such persons or entities as the case may be with whom information is shared under this regulation along with the Permanent Account Number or any other identifier authorized by law where
Permanent Account Number is not available. Such databases shall be maintained with adequate internal controls and checks such as time
stamping and audit trails to ensure non-tampering of the database.” Regulation 3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015,
with Amendment Regulations announced in 2018.
What do companies that don’t comply stand to lose? Currently, Compliance Officer and Insiders need to watch out for two types of offences in this context: ●
Trading Offence : An insider (person with privileged information, not available to general public) may be liable to be booked for this offense if he or she has engaged in trading while in possession of UPSI (Undisclosed Price Sensitive Information)
●
Communication Offense : An insider may be liable to be booked for this offense if he or
she is found to have disclosed UPSI to another individual, except for a legitimate purpose or as required for performance of duty or discharge of legal obligations.
How InsiderLens helps mitigate risk of regulatory action InsiderLens is an insider trading compliance platform which can be used by Compliance Officer to effectively manage and regulate several processes which may impact fair trading. The use of an ITMS platform helps insulate compliance officer from legal or regulatory actions in case of violations by Insiders or Connected Persons. The platform ensures adherence to best trading practices and helps the Compliance Officer, as well as senior management, gain peace of mind in terms of compliance with regulations.
Key Features 1)Alert for window closure to all Designated Persons 2)BenPos reconciliation 3) Recording of declarations by Designated Persons 4)Easy reporting of trades and disclosures 5)Timely alerts and reminders to prevent Insiders from trading in violation of the Regulations 6)Keeping track of trade intimations and trade requests
Contact Us: Email : info@axardigital.com Call :+91 20 4014 9976
Visit us : https://www.axardigital.com/ Schedule Demo : https://www.axardigital.com/insiderlensdemo/