Not mandatory to register as specified digital platform, clarifies Sebi

Mumbai: The market regulator has clarified that it is neither mandatory for digital platforms to seek recognition as a ‘specified digital platform’, nor are they directly governed by Sebi regulations.

The Securities and Exchange Board (Sebi) had on 29 August said that regulated individuals or entities, such as stock exchanges, clearing corporations, depositories and their agents, should not be directly or indirectly linked to anyone who provides advice or recommendations on securities unless registered or permitted by the regulator; and anyone who makes claims about returns or performance of securities, unless approved by it.