SEBI sets up market data panel

SEBI has set up a standing committee to recommend a policy on access to non-personal data related to the financial securities markets, the regulator announced. Named the “Market Data Advisory Committee (MADC), it will recommend regulations on data privacy and data access.

SEBI’s move comes in the absence of legislation governing non-personal data (NPD) in the country – earlier this year, an expert committee had recommended a framework for the same.

The markets regulator has set up the standing committee as it believes that NPD – which it dubs as “non-private data” – within the Indian securities market is a “public good”. SEBI hopes the initiative will help make available data on the Indian securities market to researchers, policy makers and the general public.