SEBI steps up efforts for ‘Data Culture’ through “Data Democratization” in the Indian securities market; Constitutes “Market Data Advisory Committee”

Last updated: 20 October 2020

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The Securities and Exchange Board of India (SEBI) is significantly improving access to securities market data through a 'Data Democratization' initiative. This includes the formation of a new Market Data Advisory Committee (MDAC) to guide policy on data access, privacy, and identify data needs. SEBI views non-private market data as a public good, essential for transparency, efficiency, and innovation within the Indian securities market.

Securities and Exchange Board of India SEBI steps up efforts for Data Culture through Data Democratization in the Indian securities market; Constitutes Market Data Advisory Committee Press Releases No. 55/2020 SEBI has constituted a Market Data Advisory Committee (MDAC) a Standing Committee to, inter-alia, recommend appropriate policy for access to securities market data, identify segment wise data perimeters, data needs and gaps, recommend data privacy and data access regulations app

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FAQ :

SEBI's goal is to foster a 'Data Culture' in the Indian Securities Market, promoting transparency, efficiency, and innovation through improved access to data, while respecting data privacy.

The MDAC is a new Standing Committee formed by SEBI to recommend policies for accessing securities market data, identify data needs and gaps, and advise on data privacy and access regulations.

The MDAC is chaired by Ms. Madhabi Puri Buch, a Whole Time Member of SEBI.

SEBI is facilitating access through a Data Sharing Policy, providing 'Curated Links for Securities Market Data' on its website, and working with Market Infrastructure Institutions (MIIs) to provide data in consolidated, downloadable formats.

MIIs are uploading data covering trading, clearing, and settlement on equity, derivatives, and commodity segments, as well as data on issuers and beneficial owners from financial year 2015-16 onwards.

These resources have been consolidated and are available under the 'Reports & Statistics' tab on the SEBI website's homepage.

Notification No : Press Releases No. 55/2020
Source : https://www.sebi.gov.in/media/press-releases/oct-2020/sebi-steps-up-efforts-for-data-culture-through-data-democratization-in-the-indian-securities-market-constitutes-market-data-advisory-committee-_47898.html

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