March 5, 2024

The Securities and Trade Board of India (Sebi) acknowledged that the operationalization of the Geotagging Answer is anticipated for 2023–2024.

Moreover, the regulator plans to make use of expertise to create a cyber functionality index (CCI) that can be capable to assess the cybersecurity readiness of Sebi in addition to regulated corporations in an goal method.

Geotagging

The method of geotagging includes including geographic knowledge, usually within the type of latitude and longitude coordinates, to varied forms of materials, together with pictures, motion pictures, and so on.

With a view to enhance the effectivity of its enforcement actions, capital markets regulator Sebi desires to make use of a Geotagging system in the course of the present fiscal yr.

Sebi mentioned it’ll work on plenty of initiatives to extend its info expertise (IT) capabilities and create a “fault-tolerant” structure whereas placing a robust emphasis on expertise.

The necessity of Geotagging

To higher serve its stakeholders and advance its expertise and cybersecurity capabilities, the shift is being made.

The regulator acknowledged in its annual report for 2022–2023 that it plans to implement a Geotagging Answer within the coming yr to strengthen the method of its enforcement actions. 

The method of geotagging includes including geographic knowledge, usually within the type of latitude and longitude coordinates, to varied forms of materials, together with pictures, motion pictures, and so on.

With a view to carry out web site inspections, surveys, and coaching classes, the mission plans to undertake geotagging technology-based cell software options that help the market regulator in taking the suitable footage or movies on the spot with info like the situation, date, and time.

Use of Expertise

As well as, Sebi intends to make use of expertise to implement initiatives for enterprise ease of doing.

To allow real-time verification of the information given by intermediaries, the capital markets regulator plans to mix its e-registration system with organisations like DigiLocker and the Nationwide Institute of Securities Market (NISM) utilizing software programming interfaces (APIs).

With a view to verify the validity of paperwork and notices despatched by Sebi, it’s also considering of launching an internet doc verification service.

With a view to enhance the effectivity of its enforcement actions, capital markets regulator Sebi desires to make use of a Geotagging system in the course of the present fiscal yr. Sebi mentioned it’ll work on plenty of initiatives to extend its info expertise (IT) capabilities and create a “fault-tolerant” structure whereas placing a robust emphasis on expertise.

Goals of the Venture

With a view to carry out web site inspections, surveys, and coaching classes, the market regulator might want to take the suitable pictures or movies on the spot with info like the situation, date, and time. The mission goals to develop geotagging technology-based cell software options.

The Securities and Trade Board of India (Sebi) acknowledged that the operationalization of the Geotagging Answer is anticipated for 2023–2024.

Moreover, the regulator plans to make use of expertise to create a cyber functionality index (CCI) that can be capable to assess the cybersecurity readiness of Sebi in addition to regulated corporations in an goal method.As well as, Sebi intends to make use of expertise to implement initiatives for enterprise ease of doing.

To allow real-time verification of the information given by intermediaries, the capital markets regulator plans to mix its e-registration system with organisations like DigiLocker and the Nationwide Institute of Securities Market utilizing software programming interfaces.With a view to verify the validity of paperwork and notices despatched by Sebi, it’s also considering of implementing an internet doc verification service.