Jaspal Bindra challenges the UK Norms?
Sunday, February 12, 2012
While some jurisdictions provide a 30 day disclosure period for private transactions including the new Insider trading law for Capitol Hill, the UK regulator requires a 4 day window within which disclosures have to be reported. Jaspal Bindra as Asia CEO for SCB, seems to have gone for a 30 day disclosure, sharing information of his 153,000 share pledge with an offshore credit corporation after 23 odd days had passed, the UK office using the 4 day window before publishing the information thru the UK bank regulators.
Standard Chartered is headquartered in the UK.
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