Sebi is working on a special policy to ensure data privacy for investors

The development assumes significance as the amount of sensitive data collected by market intermediaries has gone up significantly in the recent past

The Securities and Exchange Board of India (Sebi) will be coming up with a special policy to ensure data privacy for investors. 

Sources say the regulator is working on standard procedures for sharing and storing of investor data among market intermediaries and third parties. The move comes at a time when the clamour for strict data privacy laws is growing louder with other regulatory agencies, including the Reserve Bank of India, making efforts to address concerns. 

The proposed framework will focus on ensuring privacy of investor data. The development assumes significance as the amount of sensitive data collected by market