Ankur traded in shares of Sitez Ltd., a listed company. The trading plan was approved by compliance officer on May 19, 2022. Ankur comes to know on July 20, 2022 that this transaction involve unpublished price sensitive

The conditions attached to a trading plan under SEBI (Prohibition of Insider Trading) Regulations, 2015 are as follows: The trading plan shall entail trading for a period of not less than 12 months . Overlapping of trading plans is not permitted . The trading plan must specify the value of trades/number of securities to be traded and dates etc. The trading plan shall not entail trading of securities for market abuse . The trading plan should not entail trading for a reasonable period around the declaration of financial results. The compliance officer must review, approve, and notify the trading plan to stock exchanges. The trading plan, once approved, shall not be revoked . The commencement of trading should not be earlier than 6 months from the public disclosure of the plan. Unpublished Price Sensitive Information (UPSI) should not be in possession from the formulation of the plan to its implementation.