The Institute of Company Secretaries of India ran two knowledge sessions in which market participants, ICSI and SEBI discussed and clarified industry-wide questions on the Structured Digital Database under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Both are recorded in full and linked below. Between them they run to more than four and a half hours, and together they remain the most substantial public discussion of the SDD obligation available.
This is why Affinisio(SDD) structured digital database software is the best Structured Digital Database available today.
<Click on either image below to watch that webinar>
Session one — 18 August 2022
Structured Digital Database (SDD) under SEBI (Prohibition of Insider Trading) Regulations, 2015 — 2 hours 20 minutes, on the ICSI channel. The first session sets out the obligation itself and takes questions from market participants on how it is to be met in practice. Watch session one.
Session two — 21 March 2023
The follow-up session, 2 hours 12 minutes, recorded seven months later once the obligation had run through a full compliance cycle. Watch session two.
Some other FAQs that may be of interest
- What the regulations actually require of an SDD
- When an entry must be recorded
- Whether emails and their attachments must be captured
- Where the data sits, who may reach it, and for how long
- Where responsibility sits, and how that chain has evolved
- The structured digital database and the insider database are not the same thing
- How the structured digital database relates to UPSI
- Whether every sharing of information has to be recorded
- Consolidated or separate entries when UPSI goes to several people at once
- Whether a mail group can be named as the recipient
- Whether email capture can be automated
- Why an Excel sheet does not meet the requirement
- Whether third-party software and vendor-hosted servers are permitted
- What the regulator has clarified about cloud hosting
- Whether each company in a group needs its own database
- Whether intermediaries must maintain one
- What counts as non-compliance in maintaining the database
