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Call for Inputs: SEBI's Consultation Paper for Recognition as a Specified Digital Platform
Call for Inputs: SEBI's Consultation Paper for Recognition as a Specified Digital Platform

November 6, 2024

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SEBI has recently issued a circular (click here) that requires registered intermediaries and other relevant entities to undertake certain measures to terminate their association with ‘finfluencers’ and unregistered entities providing stock investment advice and making claims of returns or performance. 

SEBI has also released a consultation paper (attached below) that provides the criteria for a digital platform to be recognised as a Specified Digital Platform (SDP). These include preventive and curative measures that digital platforms are required to have in place to be recognised as an SDP. 

The provisions of the circular, relating to termination of association with 'finfluencers' will not be  applicable  in  respect  of  an  association  through  a “specified digital platform”. 

The deadline for public comments on the criteria for recognition as an SDP by SEBI is 12th November, 2024.

Please send your written inputs before 10th November, 2024 to nalini@nasscom.in and ananya@nasscom.in


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SEBI SDP Consultation Paper 2024.pdf

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