A regulatory mechanism to provide tipoffs on violations in insider trading in return for monetary rewards as high as ~10 crore may finally be showing signs of taking off.
The Securities and Exchange Board of India (Sebi) in December 2019 had established the Office of Informant Protection (OIP) to process tipoffs on insider trading. However, the response was that informants provided just five tipoffs in the first six years of the programme — from 2019-20 (FY20) to FY25.
But FY26 was different. The number of tipoffs in a single financial year increased to 25, shows the latest Annual Report, released on August 6. Fourteen of these have been concluded (including one from the previous year) while 12 were still under examination, according to the report.
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