When SEBI and RBI paths meet…
SEBI asks Banks to maintain two separate SDD (Structured Digital Databases), continuing its enhanced focus on ‘Prevention of Insider Trading’ regulations.
A Mint article by Neha Joshi outlines the unenviable “square peg in a round hole” situation faced by banks’ technology systems, highlighted by Nishant Shah, CEO – a key example of the interplay between the Reserve Bank regulations on IT infrastructure and the SEBI regulations on Insider Trading.
The article highlights several key facts and challenges with the dual SDD need highlighted by SEBI and how applications such as Affinis(SDD) are amongst the few sophisticated offerings that provide barriered access to manage UPSI tracking for ‘home’ and ‘other’ entities all within a single environment
Read the full article below –
Sebi’s new rule to curb insider trading conflicts with bank secrecy law, experts argue
