Critically examine the following: (e) Schedule A of Insider Trading Regulations lays down the principles and procedures of fair disclosure.

Schedule A of the SEBI (Prohibition of Insider Trading) Regulations, 2015, lays down the following principles of fair disclosure for purposes of the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information: Prompt public disclosure of unpublished price sensitive information that would impact price discovery no sooner than credible and concrete information comes into being, in order to make such information generally available. Uniform and universal dissemination of unpublished price sensitive information to avoid selective disclosure. Designation of a senior officer as a chief investor relations officer to deal with the dissemination of information and disclosure of unpublished price sensitive information. Prompt dissemination of unpublished price sensitive information that gets disclosed selectively, inadvertently, or otherwise to make such information generally available. Appropriate and fair response to queries on news reports and requests for verification of market rumours by regulatory authorities. Ensuring that information shared with analysts and research personnel is not unpublished price sensitive information. Developing best practices to make transcripts or records of proceedings of meetings with analysts and other investor relations conferences on the official website to ensure official confirmation and documentation of disclosures made. Handling of all unpublished price sensitive information on a need-to-know basis.