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ExamsIBPS POGeneral Awareness

Recently, SEBI proposed to tweak the definition of unpublished price sensitive information (UPSI). It proposed changing the definition of UPSI as it currently stands and bringing Regulation 30 of the LODR, according to which listed firms must notify stock exchanges after the occurrence of any events or facts that are material. Which of the following occurrences are included? 1. Any modification to securities 2. Revision to ratings 3. Initiation of CSR activities 4. Change in director 5. Fraud or default by promoters or key managerial personnel

  1. Both 2 & 3
  2. 1, 3, 4 and 5
  3. Both 1 & 5
  4. 1, 2, 4 and 5

Correct answer: 1, 2, 4 and 5

Solution

Under disclosure norms, listed entities must report material events such as changes in securities, rating revisions, changes in directors, and fraud or default by promoters or key managerial personnel. CSR initiation is not among the listed material occurrences here.

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