Sebi, Specified Digital Platform

Sebi issues clarification on Specified Digital Platforms, not obligatory for any digital platform to get notified
In the press release issued on December 4, the market regulator said that the provision of associating with a third party through an SDP was given to REs only to assure the REs that they will not be held accountable if there is any violation of the concerned provisions.
Sebi says digital platforms not required to obtain SDP status
The Securities and Exchange Board of India (Sebi) has issued a clarification after queries have been raised in various news articles about the obligation of digital platforms to get recognition as a Specified Digital Platform.
Sebi Clarifies That Digital Platforms Are Not Obligated to Obtain SDP Status
Sebi clarifies that digital platforms do not need to seek Specified Digital Platform status, as it is voluntary and no regulatory framework exists.
Not mandatory to register as specified digital platform, clarifies Sebi
Regulated entities such as stock exchanges, clearing corporations and depositories are not obligated to work exclusively with specified digital platforms, says Sebi.
Specified digital platforms not obligated to register, clarifies Sebi
Says the association of regulated entities with SDPs will assure that they are in compliance of Sebi's regulations
SEBI: No mandatory registration for digital platforms under SDP framework
SEBI clarified that digital platforms are not obligated to register as specified digital platforms (SDPs), though regulated entities must ensure compliance when partnering with non-SDP platforms.

SEBI, Axis Securities

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