Definition of UPSI and Connected Persons UPSI (Unrelated Party Information) refers to any person or company that has non-publicly disclosed information a...
UPSI (Unrelated Party Information) refers to any person or company that has non-publicly disclosed information about a company, security, or person. This means that any information about that person or company that is not publicly available is considered UPSI.
Connected persons are individuals who have a close relationship with a company, security, or person. This includes family members, business partners, attorneys, accountants, and other individuals who have access to sensitive information.
Understanding the definition of UPSI and connected persons is important because it can help you to identify potential insider trading and manipulation activities. An UPSI could be an individual who has been given inside information about a company or security, while a connected person could have a direct or indirect influence on company decision-making