Markets regulator SEBI joined the account aggregator framework

August 19, 2022

, By Sarika Parmar

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Securities Exchange Board of India (SEBI) announced that it has joined the Reserve Bank of India’s (RBI) account aggregator framework.

SEBI has approved the operation of asset management companies (AMCs), depositories, and other firms as financial information providers (FIPs). “The financial information, as specified in clause 3(ix) of the RBI Master Directions, will be provided to customers and financial information users who furnish the consent artefact through any of the Account Aggregators registered with RBI,” SEBI said in a circular. SEBI also stated that after receiving valid permission from users, FIPs will provide financial information pertaining to the securities markets via account aggregators.

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Markets regulator SEBI joined the account aggregator framework

August 19, 2022

, By Sarika Parmar

Securities Exchange Board of India (SEBI) announced that it has joined the Reserve Bank of India’s (RBI) account aggregator framework.

SEBI has approved the operation of asset management companies (AMCs), depositories, and other firms as financial information providers (FIPs). “The financial information, as specified in clause 3(ix) of the RBI Master Directions, will be provided to customers and financial information users who furnish the consent artefact through any of the Account Aggregators registered with RBI,” SEBI said in a circular. SEBI also stated that after receiving valid permission from users, FIPs will provide financial information pertaining to the securities markets via account aggregators.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Uni accepts RBI norms for Non-Bank PPI Iissuers; card services are suspended

Next News

Indian government is negotiating with Google Play to prevent lending apps from accessing user data

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