Markets regulator SEBI joined the account aggregator framework

Share via:

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.

Popular

More Like this

Markets regulator SEBI joined the account aggregator framework

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple shelved the idea of integrating Meta’s AI models...

Days after the Wall Street Journal reported that...

The Laundry House: Redefining Premium Fabric Care And Cleaning...

Incorporated in 2015, The Laundry House has swiftly established...

CoinDCX Rolls Out Web3 Mode To Facilitate Crypto Purchases...

SUMMARY The Web3 integration will give users access to...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!