You are here: Home » Markets » News
Business Standard

SEBI constitutes panels to suggest policy for securities market data

The committee would identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data among others.

Topics
Sebi | Sebi norms | securities market

IANS  |  Mumbai 

Sebi

The Securities and Exchange Board of India (SEBI) has constituted a Standing Committee -- Market Data Advisory Committee (MDAC) -- to recommend appropriate policy for access to data.

The committee would identify segment-wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data among others.

The panel chaired by Madhabi Puri Buch, Whole Time Member, has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of as members, a statement said.

Financial are traditionally data rich and data driven. The regulator noted that with ever growing financial markets, the volume and variety of data have also increased many fold over the years and will continue to do so.

With increasing size and complexity of financial markets, the importance of data for research, decision making, and innovations in financial cannot be over emphasised, it added.

"SEBI recognises that non-private data is a public good and that access to high quality standardised data on various activities is essential for fostering market transparency, operational efficiency and innovations in Indian securities market," it said.

According to the regulator, MDAC is part of SEBI's initiatives to make shareable data on the Indian securities

market, available for researchers, policy makers, general public alike and to enhance the quality of such data.

--IANS

rrb/sn

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 19 2020. 20:25 IST
RECOMMENDED FOR YOU
.