Structured Digital Database (SDD) definition
Structured Digital Database (SDD) means a digital database created, updated and maintained by the Company as per the provisions of the Insider Trading Regulations containing the nature of unpublished price sensitive information and the names of such persons who have shared the information and also the names of such persons with whom information is shared under this regulation along with the Permanent Account Number or any other identifier authorized by law where Permanent Account Number is not available. Such database shall not be outsourced and shall be maintained internally with adequate internal controls and checks such as time stamping and audit trails to ensure non-tampering of the database.
Structured Digital Database (SDD) means a digital database created, updated and maintained by the Company as per the provisions of the Insider Regulations for assisting the Compliance Officer in maintaining a Digital Database containing information of all the Insiders of the Company as per the provisions laid under the Regulations and names of persons with whom UPSI is shared including the PAN or any other identifier of the person (where PAN is not available).
Examples of Structured Digital Database (SDD) in a sentence
In case the Company is sharing any Unpublished Price Sensitive Information (UPSI) with CRL, which will materially affect the price of the securities of the Company, the Company shall be required to share additional details as may be requested by CRL to comply with applicable Regulations, in such manner as may be informed, for recording in the Structured Digital Database (SDD) of CRL.