Insider Trading & SAST disclosures for PB Fintech Ltd.
The latest disclosure under SEBI Prohibition of Insider Trading regulations was made by
Etechaces Employees Stock Option Plan Trust in PB Fintech Ltd. where Disposal of 5,521,601
Equity Shares done at an average price of Rs. 2
was reported to the exchange on May 16, 2022.
The latest disclosures under SEBI SAST(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 transaction was made by
Tencent Cloud Europe B.V. in PB Fintech Ltd. where Disposal of 9,700,000
shares done
was reported to the exchange on Sept. 2, 2024.
Insider trades are disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015 ([Regulation 7 (2) with 6(2)] made by corporate insiders: promoters, officers, directors, employees and large shareholders who are buying and selling stock in their own companies.
Client Name |
Client Category |
Action* |
Reported To/By Exchange |
Quantity |
Post Transaction Holding |
Traded % |
Avg. Price |
Value |
Period |
Regulation (Insider/SAST) |
Security Type |
Mode |
Tencent Cloud Europe B.V.
|
Other |
Disposal |
17 Sep 2024 |
9,700,000 |
9,748,750
(2.14%)
|
2.13%
|
|
-
|
28 May 2024 29 Aug 2024 |
SAST (29(2)) |
- |
Market |
Claymore Investments (Mauritius) Pte Ltd
|
Other |
Disposal |
07 Feb 2024 |
24,430,015 |
-
|
5.42%
|
|
-
|
01 Feb 2024 01 Feb 2024 |
SAST (29(2)) |
- |
Market |
New World Fund, Inc.
|
None |
Acquisition |
06 Feb 2024 |
14,527,505 |
22,795,194
(5.05%)
|
3.21%
|
|
-
|
01 Feb 2024 01 Feb 2024 |
SAST (29(1)) |
- |
Market |
SVF Python II (Cayman) Ltd
|
None |
Disposal |
05 Jan 2024 |
11,421,212 |
-
|
2.53%
|
|
-
|
15 Dec 2023 15 Dec 2023 |
SAST (29(2)) |
- |
Market |
SVF Python II (Cayman) Ltd & SVF India Holdings (Cayman) Ltd
|
None |
Disposal |
13 Oct 2023 |
11,421,211 |
11,421,212
(2.54%)
|
2.54%
|
|
-
|
06 Oct 2023 06 Oct 2023 |
SAST (29(2)) |
- |
Market |
Tencent Cloud Europe B. V.
|
Other |
Disposal |
06 Jun 2023 |
9,416,250 |
28,248,750
(6.28%)
|
2.09%
|
|
-
|
26 May 2023 26 May 2023 |
SAST (29(2)) |
- |
Market |
SVF India Holdings (Cayman) Ltd & PACs
|
None |
Disposal |
09 Dec 2022 |
22,842,424 |
22,842,423
(5.07%)
|
5.07%
|
|
-
|
02 Dec 2022 02 Dec 2022 |
SAST (29(2)) |
- |
Market |
SVF India Holdings (Cayman) Ltd & SVF Python II (Cayman) Ltd
|
None |
Disposal |
09 Dec 2022 |
22,842,424 |
22,842,423
(5.07%)
|
5.07%
|
|
-
|
02 Dec 2022 02 Dec 2022 |
SAST (29(2)) |
- |
Market |
Tiger Global Eight Holdings & Internet Fund III Pte. Ltd
|
Other |
Disposal |
17 Nov 2022 |
18,280,885 |
13,649,115
(3.04%)
|
4.07%
|
|
-
|
11 Nov 2022 11 Nov 2022 |
SAST (29(2)) |
- |
Market |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
16 May 2022 |
5,521,601 |
4,851,899
(1.08%)
|
1.23%
|
2 |
11,043,202
|
12 May 2022 12 May 2022 |
Insider Trading |
Equity Shares |
ESOP |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
07 Apr 2022 |
25,000 |
10,373,500
(2.31%)
|
0.01%
|
2 |
50,000
|
04 Apr 2022 04 Apr 2022 |
Insider Trading |
Equity Shares |
ESOP |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
18 Feb 2022 |
4,567,500 |
10,398,500
(2.31%)
|
1.02%
|
2 |
9,135,000
|
16 Feb 2022 16 Feb 2022 |
Insider Trading |
Equity Shares |
ESOP |
Alok Bansal & PAC
|
Other |
Acquisition |
18 Feb 2022 |
4,567,500 |
26,546,427
(5.91%)
|
1.02%
|
|
-
|
16 Feb 2022 16 Feb 2022 |
SAST (29(1)) |
- |
Off Market Transfer |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
14 Feb 2022 |
5,000,000 |
14,966,000
(3.32%)
|
1.11%
|
2 |
10,000,000
|
10 Feb 2022 10 Feb 2022 |
Insider Trading |
Equity Shares |
ESOP |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
15 Dec 2021 |
333,500 |
19,966,000
(4.44%)
|
146.14%
|
2 |
667,000
|
14 Dec 2021 14 Dec 2021 |
Insider Trading |
Equity Shares |
ESOP |
Etechaces Employees Stock Option Plan Trust
|
Trust |
Disposal |
15 Dec 2021 |
2,238,000 |
20,299,500
(4.51%)
|
980.72%
|
2 |
4,476,000
|
10 Dec 2021 10 Dec 2021 |
Insider Trading |
Equity Shares |
ESOP |
Sajja Parveen Chowdary
|
Designated Person |
Disposal |
24 Nov 2021 |
1,000 |
237,000
(0.05%)
|
0.44%
|
1249 |
1,249,000
|
23 Nov 2021 23 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Raghuveer Malik
|
Designated Person |
Disposal |
24 Nov 2021 |
5,000 |
115,000
(0.02%)
|
2.19%
|
1309.4 |
6,547,150
|
18 Nov 2021 18 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sandeep Kumar Jorasia
|
Designated Person |
Disposal |
22 Nov 2021 |
1,000 |
56,500
(0.01%)
|
0.44%
|
1240 |
1,240,000
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Rahul Sharma
|
Designated Person |
Disposal |
22 Nov 2021 |
5,000 |
52,500
(0.01%)
|
2.19%
|
1361.9 |
6,809,390
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sandeep Jorasia
|
Designated Person |
Disposal |
22 Nov 2021 |
8,000 |
48,500
(0.01%)
|
3.51%
|
1338.8 |
10,710,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sahil Arora (Revised)
|
Designated Person |
Disposal |
22 Nov 2021 |
17,600 |
189,900
(0.04%)
|
7.71%
|
1264.3 |
22,251,419
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sahil Arora
|
Designated Person |
Disposal |
22 Nov 2021 |
2,000 |
187,900
(0.04%)
|
0.88%
|
1442.6 |
2,885,100
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sai Narayan
|
Designated Person |
Disposal |
22 Nov 2021 |
7,500 |
197,500
(0.04%)
|
3.29%
|
1399.0 |
10,492,290
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Shamik Ghosh
|
Designated Person |
Disposal |
22 Nov 2021 |
6,500 |
51,000
(0.01%)
|
2.85%
|
1387.7 |
9,020,245
|
16 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sajja Praveen Chowdary
|
Designated Person |
Disposal |
22 Nov 2021 |
1,000 |
264,000
(0.06%)
|
0.44%
|
1205.0 |
1,204,981
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sajja Praveen Chowdary
|
Designated Person |
Disposal |
22 Nov 2021 |
17,999 |
246,001
(0.05%)
|
7.89%
|
1354.8 |
24,384,651
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Santosh Agarwal
|
Designated Person |
Disposal |
22 Nov 2021 |
2,500 |
365,000
(0.08%)
|
1.10%
|
1210.2 |
3,025,523
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Santosh Agarwal
|
Designated Person |
Disposal |
22 Nov 2021 |
7,000 |
358,000
(0.07%)
|
3.07%
|
1325.1 |
9,275,714
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sachin Vashishtha
|
Designated Person |
Disposal |
22 Nov 2021 |
1,001 |
98,999
(0.02%)
|
0.44%
|
1210.0 |
1,211,175
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sachin Vashishtha
|
Designated Person |
Disposal |
22 Nov 2021 |
9,000 |
89,999
(0.02%)
|
3.94%
|
1313.8 |
11,824,312
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Tarun Mathur
|
Designated Person |
Disposal |
22 Nov 2021 |
1,000 |
1,051,500
(0.23%)
|
0.44%
|
1192.8 |
1,192,781
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ratan Kumar Choudhary
|
Designated Person |
Disposal |
22 Nov 2021 |
1 |
47,499
(0.01%)
|
0.00%
|
1372 |
1,372
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ankit Mittal
|
Designated Person |
Disposal |
22 Nov 2021 |
3,000 |
94,500
(0.02%)
|
1.31%
|
1385.4 |
4,156,140
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ankit Mittal
|
Designated Person |
Disposal |
22 Nov 2021 |
17,000 |
77,500
(0.01%)
|
7.45%
|
1412.2 |
24,006,728
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ajay Mishra (Revised)
|
Designated Person |
Disposal |
22 Nov 2021 |
8,001 |
159,499
(0.03%)
|
3.51%
|
1279.1 |
10,233,927
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Dharmender Kumar
|
Designated Person |
Disposal |
22 Nov 2021 |
8,000 |
124,500
(0.02%)
|
3.51%
|
1368.8 |
10,950,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gurpreet Kaur
|
Designated Person |
Disposal |
22 Nov 2021 |
12,500 |
30,000
(0.01%)
|
5.48%
|
1305.6 |
16,320,500
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
22 Nov 2021 |
6,001 |
199,014
(0.04%)
|
2.63%
|
1215.8 |
7,296,199
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
22 Nov 2021 |
8,000 |
191,014
(0.04%)
|
3.51%
|
1377.5 |
11,020,292
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Radhika Binani
|
Designated Person |
Disposal |
22 Nov 2021 |
30,000 |
420,000
(0.09%)
|
13.15%
|
1399.6 |
41,986,850
|
16 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sandeep Kumar Jorasia
|
Designated Person |
Disposal |
22 Nov 2021 |
3,000 |
45,500
(0.01%)
|
1.31%
|
1436.7 |
4,310,000
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sai Naryana
|
Designated Person |
Disposal |
22 Nov 2021 |
10,000 |
187,500
(0.04%)
|
4.38%
|
1452.0 |
14,520,200
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sajja Praveen Chowdary
|
Designated Person |
Disposal |
22 Nov 2021 |
8,001 |
238,000
(0.05%)
|
3.51%
|
1437.0 |
11,497,425
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Bibhu Krishna
|
Designated Person |
Disposal |
22 Nov 2021 |
1,000 |
274,015
(0.06%)
|
0.44%
|
1399 |
1,399,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ankit Mittal
|
Designated Person |
Disposal |
22 Nov 2021 |
5,000 |
72,500
(0.02%)
|
2.19%
|
1331.8 |
6,658,750
|
18 Nov 2021 18 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Amarnath Upadhayay
|
Designated Person |
Disposal |
22 Nov 2021 |
101 |
59,899
(0.01%)
|
0.04%
|
1435 |
144,935
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Rahul Sharma
|
Designated Person |
Disposal |
22 Nov 2021 |
3,000 |
49,500
(0.01%)
|
1.31%
|
1440.0 |
4,320,020
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
22 Nov 2021 |
2,000 |
189,014
(0.04%)
|
0.88%
|
1445 |
2,890,000
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mukesh Sharma
|
Designated Person |
Disposal |
22 Nov 2021 |
3,001 |
96,999
(0.02%)
|
1.32%
|
1291.8 |
3,876,677
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mukesh Sharma
|
Designated Person |
Disposal |
22 Nov 2021 |
13,000 |
83,999
(0.02%)
|
5.70%
|
1439.8 |
18,717,098
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mahender Kumar
|
Designated Person |
Disposal |
22 Nov 2021 |
5,000 |
55,000
(0.01%)
|
2.19%
|
1310 |
6,550,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sandeep Jorasia
|
Designated Person |
Disposal |
18 Nov 2021 |
1,000 |
56,500
(0.01%)
|
0.44%
|
1240 |
1,240,000
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ankit Mittal
|
Designated Person |
Disposal |
18 Nov 2021 |
17,000 |
77,500
(0.02%)
|
7.45%
|
1412.2 |
24,006,728
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Rahul Sharma
|
Designated Person |
Disposal |
18 Nov 2021 |
5,000 |
52,500
(0.01%)
|
2.19%
|
1361.9 |
6,809,390
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Radhika Binani
|
Designated Person |
Disposal |
18 Nov 2021 |
30,000 |
420,000
(0.09%)
|
13.15%
|
1399.6 |
41,986,850
|
16 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mahender Kumar
|
Designated Person |
Disposal |
18 Nov 2021 |
5,000 |
55,000
(0.01%)
|
2.19%
|
1310 |
6,550,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mukesh Sharma
|
Designated Person |
Disposal |
18 Nov 2021 |
13,000 |
83,999
(0.01%)
|
5.70%
|
1439.8 |
18,717,098
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Mukesh Sharma
|
Designated Person |
Disposal |
18 Nov 2021 |
3,001 |
96,999
(0.02%)
|
1.32%
|
1291.8 |
3,876,676
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
18 Nov 2021 |
2,000 |
189,014
(0.04%)
|
0.88%
|
1445 |
2,890,000
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
18 Nov 2021 |
8,000 |
191,014
(0.04%)
|
3.51%
|
1377.5 |
11,020,292
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gaurav Aggarwal
|
Designated Person |
Disposal |
18 Nov 2021 |
6,001 |
199,014
(0.04%)
|
2.63%
|
1215.8 |
7,296,199
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Gurpreet Kaur
|
Designated Person |
Disposal |
18 Nov 2021 |
12,500 |
30,000
(0.01%)
|
5.48%
|
557.6 |
6,969,500
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Dharmender Kumar
|
Designated Person |
Disposal |
18 Nov 2021 |
8,000 |
124,500
(0.02%)
|
3.51%
|
1368.8 |
10,950,000
|
16 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ajay Mishra
|
Designated Person |
Disposal |
18 Nov 2021 |
5,001 |
162,499
(0.03%)
|
2.19%
|
1215.3 |
6,077,677
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ankit Mittal
|
Designated Person |
Disposal |
18 Nov 2021 |
3,000 |
94,500
(0.02%)
|
1.31%
|
1385.4 |
4,156,140
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sandeep Jorasia
|
Designated Person |
Disposal |
18 Nov 2021 |
8,000 |
48,500
(0.01%)
|
3.51%
|
1338.8 |
10,710,000
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sahil Arora
|
Designated Person |
Disposal |
18 Nov 2021 |
17,600 |
189,900
(0.04%)
|
7.71%
|
1264.5 |
22,254,500
|
15 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sahil Arora
|
Designated Person |
Disposal |
18 Nov 2021 |
2,000 |
187,900
(0.04%)
|
0.88%
|
1442.6 |
2,885,100
|
17 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sai Narayan
|
Designated Person |
Disposal |
18 Nov 2021 |
7,500 |
197,500
(0.04%)
|
3.29%
|
1399.0 |
10,492,290
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Shamik Ghosh
|
Designated Person |
Disposal |
18 Nov 2021 |
6,500 |
51,000
(0.01%)
|
2.85%
|
1387.7 |
9,020,245
|
16 Nov 2021 17 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sajja Praveen Chowdary
|
Designated Person |
Disposal |
18 Nov 2021 |
1,000 |
264,000
(0.06%)
|
0.44%
|
1205.0 |
1,204,981
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sajja Praveen Chowdary
|
Designated Person |
Disposal |
18 Nov 2021 |
17,999 |
246,001
(0.05%)
|
7.89%
|
1354.8 |
24,384,651
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Santosh Agarwal
|
Designated Person |
Disposal |
18 Nov 2021 |
2,500 |
365,000
(0.08%)
|
1.10%
|
1210.2 |
3,025,523
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Santosh Agarwal
|
Designated Person |
Disposal |
18 Nov 2021 |
7,000 |
358,000
(0.07%)
|
3.07%
|
1325.1 |
9,275,714
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sachin Vashishtha
|
Designated Person |
Disposal |
18 Nov 2021 |
1,001 |
98,999
(0.02%)
|
0.44%
|
1210.0 |
1,211,175
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Sachin Vashishtha
|
Designated Person |
Disposal |
18 Nov 2021 |
9,000 |
89,999
(0.02%)
|
3.94%
|
1313.8 |
11,824,312
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Tarun Mathur
|
Designated Person |
Disposal |
18 Nov 2021 |
1,000 |
1,051,500
(0.23%)
|
0.44%
|
1192.8 |
1,192,781
|
15 Nov 2021 15 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
Ratan Kumar Choudhary
|
Designated Person |
Disposal |
18 Nov 2021 |
1 |
47,499
(0.01%)
|
0.00%
|
1372 |
1,372
|
16 Nov 2021 16 Nov 2021 |
Insider Trading |
Equity Shares |
Market Sale |
*Actions covered:
Acquisition (Buy): Purchase of shares
Disposal (Sell): Sale of shares
Pledge: Shares being used by promoters as collateral for loans. Usually a negative signal.
Revoke: When shares are released from a pledge. Usually a positive signal.
Invoke: When pledged shares are invoked by companies/banks who have provided the collateral, which may result in acquisition of stake in the company. Usually a negative signal.
Client Category: Promoter/ KMP/ Director / Immediate Relatives / Employee / etc
Security Type: Share/ Warrants / Convertible Debentures
Kind of transaction Mode: Public rights/ preferential offer / off market / inter-se transfer/ Market Sale
Data as reported to BSE and NSE
Insider trading data is from Disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015.