For a deal needing no open offer, UPSI must be public at least how long before it?
ATwo trading days
BFive trading days
CTen trading days
DThirty days
Answer & Solution
Correct answer: A. Two trading days
Regulation 3(3)(ii) requires dissemination to make the information generally available at least two trading days before the proposed transaction.
Keep practising SEBI Takeover and Insider Trading Regulations
Browse all SEBI Takeover and Insider Trading Regulations questions for CA Final, or explore more Law topics.
Related questions
Contravention of the Insider Trading Regulations is dealt with by whom?A pre-cleared trade must be executed within how many trading days at most?The fair disclosure principles call for designating which senior officer?Which Schedule sets out the principles of fair disclosure for the code of practices?The audit committee reviews insider trading compliance at least how often?Designated persons include the CEO and employees up to how many levels below?The company must maintain trading disclosures for a minimum of how long?A listed company may seek disclosures from other connected persons at whose option?