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The market regulator, SEBI, is all set to come out with new regulations for listing and strict measures against insider trading.
"In place of the listing agreement, we will bring a listing regulation as a regulation has much greater force for implementation and action. We will bring this as soon as next month," SEBI Chairman U K Sinha said while addressing a conference on improving board effectiveness, organised by KPMG.
He also said the regulator is working on stricter norms to deal with insider trading. He emphasised that a penalty on the company and suspension of trading in case of violation of listing norms is not a good idea as it hurts the interest of shareholders. So, the emphasis would be on penalising executives.
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