Not mandatory to register as specified digital platform, clarifies Sebi
2 weeks, 5 days ago

Not mandatory to register as specified digital platform, clarifies Sebi

Live Mint  

Mumbai: The market regulator has clarified that it is neither mandatory for digital platforms to seek recognition as a ‘specified digital platform’, nor are they directly governed by Sebi regulations. However, it excluded associations that were recognized as specified digital platforms based on their ability to take preventive and corrective actions against prohibited activities. In a clarification issued on December 4, the market regulator cited the confusion in the media about the obligation of digital platforms to be recognized as SDPs. “It is not obligatory for any digital platform to be notified as SDP and there is no regulation of these digital platforms by SEBI.

Digital Digital Platforms Platform Sebi Sdp Specified Digital Platform  mandatory  regulated  notified  register  sdp  digital  clarifies  specified  securities  regulator  platform  market  platforms  sebi

History of this topic

Sebi’s proposals may raise compliance costs for smaller digital platforms
1 month, 2 weeks ago

Sebi’s proposals may raise compliance costs for smaller digital platforms

Live Mint  

Regulated entities should prepare for higher expenses if the proposed framework by the Indian capital market regulator for recognizing specified digital platforms is implemented, according to experts. While due diligence, notice-and-takedown regulations and badging of approved users are common for significant platforms under existing Indian and global norms, implementing Sebi’s mandate about SDPs using AI and ML tools to identify …

Discover Related