Markets regulator SEBI joined the account aggregator framework

August 19, 2022

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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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