With effect from May 15, 2015, the new insider trading regulations, notified by the Securities and Exchange Board of India (“SEBIâ€) have come into force. The SEBI (Prohibition of Insider Trading) Regulations, 2015 (“New Regulationsâ€) will replace the SEBI (Prohibition of Insider Trading) Regulations, 1992 (“1992 Regulationsâ€).