The Securities and Exchange Board of India (SEBI) on October 08, 2024, issued a Consultation paper on a draft circular for Policy for Sharing Data for the Purpose of Research/Analysis.
It is stated that certain modifications were proposed to the extant DSP and the same were taken to the SEBI Market Data Advisory Committee (MDAC) for their deliberation and recommendations. The MDAC opined that SEBI should share only the data which is under its ownership. The data generated by the MIIs should be shared by the respective MII and for this purpose, every MII should have their own data sharing policy.
The MDAC also pondered upon the issues related to authenticity and adequacy of data, together with data privacy. It was discussed that the stakeholders need to source the requisite data from authentic sources and in order to achieve the balance between data privacy vis-a-vis providing access to data, organizations will need to have policies on data collection, processing, storage, dissemination and sharing.
In light of the above recommendations of MDAC on streamlining the extant data sharing policy and internal deliberations thereafter, it is proposed to have a revised framework for sharing data for the purpose of research/analysis, which shall promote data democratization, data privacy and data accountability, all at the same time.
The comments/suggestions should be submitted latest by October 29, 2024, through the following link:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComm
