Manage your compliance tasks more effectively with the help of Structured Digital Database SEBI

Manage your compliance tasks more effectively with the help of Structured Digital Database SEBI.

Structured Digital Database SEBI is an important tool for making sure that SEBI rules are followed and for stopping secret trading. According to the SEBI (Prohibition of Insider Trading) Regulations, 2015, every SEBI-regulated organization, including listed companies and market intermediaries, must keep a digital database called the Structured Digital Database. (SDD). This database is handled directly by the board of directors. It keeps track of the names and permanent account numbers (PAN) of people who have access to unpublished price-sensitive information (UPSI), as well as their trading history. SEBI rules say that the SDD must be kept locally, with strict internal controls, checks, and audit trails to stop tampering. Compliance with these rules is very important, and SEBI has the power to look at and probe the SDD of any company or market intermediary to make sure that insider trading laws are being followed. In this blog, we'll talk about the features and importance of Structured Digital Database SEBI compliance software for helping companies meet their regulatory obligations and keep the integrity of their operations in the financial markets. Let's dive in and find out how this powerful tool can help you stay compliant in the ever-changing world of SEBI rules and preventing illegal trading.

Structured Digital Database SEBI software that is good has the following:

Masters of DP, UPSI, and Auditor: A strong digital structured database SEBI software should be able to keep different masters for DP (Depository Participant), UPSI (Unpublished Price-Sensitive Information), Auditor, and Company. This makes it easier to keep track of and organise information about the different people and groups involved in the insider trading compliance process.

On-premise hosting: SEBI rules say that the Structured Digital Database must be kept locally, with enough checks and controls. So, a good software should offer on-premise hosting, which makes sure that the database is kept safely on the grounds of the regulated entity. This gives the regulated entity more control over data security and privacy.

Time stamping: Time stamping is an important part of Structured Digital Database SEBI software because it lets you record the exact date and time that data was added or changed. This makes sure that the security of the data is kept in a clear and accountable way. It also makes it possible to keep a reliable audit trail of everything that has happened with the database.

Data that can't be changed: To make sure that the data is real and reliable, a good software should have strong security means in place to stop unauthorised people from changing or tampering with data. This could involve using encryption, digital signatures, and other security measures to keep the data from being changed or tampered with.

Audit trails: A digital database with a structure SEBI software should keep detailed audit trails that keep track of all database activities, such as user actions, changes to data, and system events. This makes it easier to keep track of and keep an eye on any changes made to the database. It also makes it easier to meet audit standards.

Keeping track of historical data: SEBI rules say that the Structured Digital Database SEBI must keep track of all trades and activities from the past. Good software should be able to store and recover historical data in a way that is organised and easy to find. This makes it easier to analyse and report.

Customized report creation: One of the most important things a Structured Digital Database SEBI software needs to be able to do is create reports that are tailored to the needs of the regulated company. This could include reports about UPSI access, trading activity, compliance status, and other useful information that helps with tracking and reporting on compliance.

A good Structured Digital Database SEBI programme should have features like masters of DP, UPSI, Auditor, and Company, on-premise hosting, time stamping, data that can't be changed, audit trails, maintaining past data, and making custom reports. These features make sure that the insider trading compliance process is managed in an efficient and legal way. This helps regulated companies follow SEBI rules and keep data integrity. Structured Digital Database SEBI software that is reliable and compliant can also help regulated companies reduce the risk of insider trading violations and meet their compliance obligations. So, it is very important for organisations regulated by SEBI to choose the right programme with these features.

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