TAG
Articles, posts, insights, opinions, factoids or musings with SDD FAQs
The sharing can be recorded subsequently but the gap should be as short as possible. Of course, even if the time elapsed goes beyond a feasible period, it must still be recorded since delayed compliance is better than non-compliance. The leading industry email automation offered by Affinisio(SDD) structured digital database software enables near-simultaneous recording of…
Does a company need to maintain SDD if it is under Corporate Insolvency Resolution Process (CIRP)
We only have listed debt, do we need to maintain SDD?
Can a listed company use software provided by third party vendors? Can the server belong to the vendor but entries be made by employees of the company only?
Do unlisted intermediaries and fiduciaries also face the requirement to maintain the SDD?
Should the SDD entries include details of UPSI shared? The Structured Digital Database is not meant to be a database of UPSI itself but only to capture the nature of UPSI and details of sharing of such UPSI. In fact, maintaining the actual details of the UPSI instead of just the nature of UPSI may…
Does a listed entity need to maintain a Structured Digital Database and provide the compliance certificate for the quarter even if it has no UPSI? Since every listed company would need to, at the very minimum, have at least one event every quarter that would qualify as a UPSI related event, being the quarterly financials,…
Which entities are required to submit the SDD compliance certificate? Who provides the compliance certificate for SDD from the entity? Currently, listed entities are required to submit the SDD compliance certificate. In the future, key intermediaries (for example, those having a merchant banking license) may ultimately also be asked to provide the compliance certificate as…
What should be recorded in the Structured Digital Database from items covered under regulation 30 or regulation 51 ? Are these to be considered UPSI as well? These regulations read together with the Schedule III of SEBI LODR incorporate items that are deemed material as also those that are material based on the pre-determined thresholds.…
What are the regulatory non-compliances related to maintenance of the Structured Digital Database? What are the non-compliance consequences?
Who is responsible to ensure maintenance of SDD and prevent failure of entries?
Why do I need to record information shared internally into the Structured Digital Database?
The word audit trail is used often in relation to the Structured Digital Database. What does it mean?
Does each company in a group of companies need to maintain a Structured Digital Database separately?
Does the unlisted subsidiary of a listed company which is sharing information on the former need to maintain a Structured Digital Database?
Does the Structured Digital Database need to capture information in relation to my listed entity only or should it also include my listed subsidiary? What if the subsidiary is unlisted?
“All images, features and illustrations are for representative purposes only and are subject to change without prior notice including when features and design changes are upgraded or otherwise updated.”
