By its Circular dated September 9, 2020, SEBI has implemented system driven disclosures for members of promoter group and designated persons, in addition to promoters and directors of a company, under Regulation 7(2) of the PIT Regulations, regarding trading in equity shares and equity derivative instruments. The new system will run parallel to the existing system, i.e., the relevant persons will be required to independently comply with applicable disclosure obligations under PIT Regulations till March 31, 2021, and disclosures generated through the system will be displayed separately from disclosures filed with the exchanges. SEBI has directed the depositories and stock exchanges to make necessary arrangements for dissemination of such disclosures on the websites of the stock exchanges from October 1, 2020.