Market Beat     28-May-24
Reports
SEBI tightens rules on sharing real-time stock market data
The Securities and Exchange Board of India (SEBI) has cracked down on the sharing of real-time stock market data with third parties, including online platforms offering virtual trading or fantasy games based on live share prices. SEBI raised concerns that some platforms were even offering rewards based on the performance of virtual stock portfolios.

The new regulations target Market Infrastructure Institutions (MIIs) like stock exchanges and depositories, as well as registered market intermediaries. These entities are now prohibited from sharing real-time price data with any third party unless it is strictly necessary for the smooth functioning of the securities market or to comply with regulations. This, however, will not impact media agencies providing real-time data feeds.

SEBI mandates formal agreements outlining the purpose of data sharing and ensuring it supports a well-functioning market. These agreements and the list of entities receiving real-time data will be subject to annual review by the MIIs or intermediaries.

The new guidelines come into effect 30 days after the issuance of the circular. SEBI clarified that market data can still be shared for investor education, but with a one-day delay and without any financial incentives. The regulator also directed MIIs and intermediaries to conduct thorough due diligence before sharing data and implement measures in agreements to prevent misuse.

Other Stories
  Transport Corporation of India fixes record date for final dividend
  22-Jun-24   12:56
  Sat Industries fixes record date for final dividend
  21-Jun-24   17:22
  GPT Infraprojects fixes record date for bonus issue
  21-Jun-24   16:59
  Century Textiles & Industries fixes record date for dividend
  20-Jun-24   17:19
  SEPC fixes record date for rights issue
  19-Jun-24   12:41
  NSE launches Nifty India Tourism Index to track travel & tourism stocks
  19-Jun-24   11:18
  Srestha Finvest fixes record date for rights issue
  18-Jun-24   19:29
  Jubilant Foodworks fixes record date for dividend
  18-Jun-24   19:28
  Kaycee Industries fixes record date for stock split and bonus issue
  18-Jun-24   19:24
  Futuristic Solutions fixes record date for dividend
  18-Jun-24   19:23
Back Top