May 17, 2019

Corporate Professionals Unveils Digital Solution To Deal With Insider Trading Blues

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Corporate Professionals Group, India’s leading legal and corporate advisory firm, has launched ‘INSILYSIS’ a path-breaking IT Solution for insider law management which caters the requirements under the amended SEBI (Prohibition of Insider Trading) Regulation, 2015. This digital solution integrates the organization’s insider law expertise with informatics to facilitate all insider law compliance and management reporting needs through a seamless digital mechanism.

With the recent amendments in the SEBI (Prohibition of Insider Trading) Regulations, the Securities and Exchange Board of India (SEBI) has reinforced its endeavor to establish an efficacious mechanism for regulating market infraction. The Boards and Audit Committees responsibilities have been extended to ensure legal compliance and verification of digital systems & controls implemented by organizations.

“The new digital solution ‘INSILYSIS’ is developed to assuage Indian corporate houses’ requirements and address predicaments concerning the establishment of an effective system of internal controls to facilitate efficient regulatory compliance. With organizations becoming more cognizant of the risks associated with regulatory violations including legal and reputational risk, solutions such as Insilysis will come in handy” said, Mr. Pavan Kumar Vijay, Founder, Corporate Professionals Group.

Safeguarding UPSI and sharing it on a ‘need to know basis’ is one critical task bothering the management. The software facilitates creation and storage of insider database including those with whom UPSI is shared, fulfilling the statutory requirement of maintaining a structured digital database. Such information may be shared with SEBI when sought on case to case basis.

Insilysis automates the entire insider management process with a holistic approach to allow corporates to derive real value in terms of corporate governance, data security, control, and audit. Discovery and identification of malicious behavior leading to insider trading threat involves substantial inherent limitations. Setting up a controlled environment that enhances transparency in reporting and ensures regulatory compliance is definitely a prudent step towards good Corporate Governance.

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