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This document outlines the Prohibition of Insider Trading Policy for Cretan Education Limited to ensure compliance with SEMI regulations, applicable to all insiders.
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Prohibition of insider trading refers to laws and regulations that prevent individuals with non-public, material information about a publicly traded company from buying or selling stock in that company based on that information.
Individuals who are considered insiders, such as executives, directors, and employees of a company, as well as anyone who has access to non-public information, are typically required to file reports related to insider trading.
To file a prohibition of insider trading, individuals must complete the required forms, typically through an online platform provided by the regulatory body, disclosing their trades and the relevant information regarding the non-public information they possessed.
The purpose of prohibition of insider trading is to promote fairness in the securities markets by ensuring that all investors have equal access to material information, thereby maintaining investor confidence and market integrity.
Information that must be reported includes the details of the traded securities, the dates of the transactions, the nature of the insider information, and the identities of the individuals involved.
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