Introduction
On October 8, 2024, through a consultation paper released by the
Securities and Exchange Board of India
(“SEBI“) a new policy has been
proposed on data-sharing for the purposes of research and analysis
(“Policy“). The Policy is applicable
to all intermediaries and Market Infrastructure Institutions
(“MIIs“) and is aimed at streamlining
business operations in India's financial markets while
addressing critical data privacy challenges.
The ability to access real-time data, and accuracy of such
information has significant impact on the decisions of businesses
and investors in today's age. As digital financial
transactions continue to grow, concerns over data privacy have
intensified as improper handing or exposure of financial data may
lead to severe repercussions, jeopardizing both individual
investors and the overall integrity of the market. Through the
Policy, SEBI's market data advisory committee
(“MDAC“) intends to ensure that these
concerns are
