On October 19, 2020 In an effort to set up Data Culture through Data Democratizationin the Indian securities market, The Securities and Exchange Board of India (SEBI) has constituted a Market Data Advisory Committee(MDAC), Standing Committee.
i.The committee is headed by Madhabi Puri Buch, Whole Time Member, SEBI and has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of SEBI as members.
ii.The committee will recommend appropriate policy for accessing securities market data, identify segment wise data perimeters, data needs and gaps, recommend data privacy and data access regulations applicable to market data, etc.,
i.MDAC is part of the initiatives of SEBI to make the shareable data on the Indian securities market, available for the researchers, policy makers and general public, and to improve the quality of such data.
ii.SEBI’s effort is to foster a Data Culture in the Indian Securities Market i.e. ‘Data for Transparency’, ‘Data for Efficiency’ and ‘Data for Innovation’ along with ‘Respect for Data Privacy’.
Some Other initiatives taken by SEBI through its DEPA
The following are some other initiatives taken by SEBI, through its Department of Economic and Policy Analysis (DEPA),
i.SEBI Data Sharing Policy
It aims to ease data access from SEBI to meet various requirements, namely, to undertake Analytics projects, Research activities, etc., by diverse educational/research institutions and other regulators.
ii.Curated Links for Securities Market Data
SEBI, to facilitate easy access to market data and to promote data backed research in Indian securities market has provided(at one place) curated links of publicly available data on various segments of the Indian securities market
iii.SEBI and MIIs works together
Recently, SEBI and Market Infrastructure Institutions (MIIs) have worked together to further improve the quantum, granularity, uniformity, ease of accessibility and usability of public data provided by MIIs.
Recent Related News:
On September 21, 2020 Securities and Exchange Board of India (SEBI) constituted the Technical Group on Social Stock Exchange under the Chairmanship of Harsh Kumar Bhanwala, former Chairman of NABARD. The group will develop a framework for onboarding non-profit organisations and for-profit enterprises.
About Securities and Exchange Board of India (SEBI):
Headquarters – Mumbai, Maharashtra
Chairman – Ajay Tyagi(He got another 18 months extension, with effect from 01.09.2020 up to 28.02.2022).