SEBI on October 8, 2020 has revised the FAQs to the SEBI (Prohibition of Insider Trading) Regulations, 2015. SEBI clarified that a listed company should maintain structured digital database (‘SDD’) internally, which will contain information including details of unpublished price sensitive information (‘UPSI’), details of persons with whom such UPSI is shared (along with their permanent account number / other unique identifier) and details of persons who have shared the information. Similarly, another SDD should be maintained internally by fiduciaries and intermediaries. The illustration to this FAQ was also amended to clarify that the individuals from listed companies (sharing UPSI) and individuals from fiduciaries or intermediaries (receiving UPSI from listed companies) should be identified in the SDDs.