SEBI to join Account Aggregator ecosystem announces Chairperson Madhabi Puri Buch in SEBI Ideathon

29 Apr 2022

SEBI to join Account Aggregator Ecosystem

The Chairman of Securities and Exchange Board of India (SEBI), Madhuri Puri Buch has announced that SEBI will be joining the account aggregator ecosystem soon and is in an implementation phase in which they are exchanging data formats with their market participants.

The joining of SEBI will allow greater accessibility of securities and investment data on the AA ecosystem with more data being seamlessly transferred online on a real time basis in a secure and a digitised format with customer’s consent.  It will pave the way for a cross-sectoral access to financial data, thus providing a rich ground for various innovative use cases based on an efficient inter-play of banking and securities data.

SEBI is a regulator for the commodities and securities market in India. It regulates various types of financial sector entities that operate in the securities and investment market in India including trading, depositories, mutual funds, Alternative Investment Funds,  Real Estate Investment Funds, Registered Investment Advisors etc. Once these entities enter the Account Aggregator ecosystem, it will allow one to access their investment portfolio through account aggregators and share this information as needed. It will also allow for better portfolio management. 

The Mutual Fund penetration in India is extremely low with the AUM to GDP ratio in India being only 14% compared to the global average of around 75-80%. SEBI’s adoption of account aggregator will allow investment managers and wealth managers to offer cost effective and real time advisory services to their clients and advise them on investing in various securities instruments. 

Further, the data provided by the entities regulated by SEBI can also be used for various purposes. For example, a customer’s  existing investment portfolio can help her secure a loan by showcasing her financial strength to prospective lenders. Customers may also be able to secure a loan against your securities, mutual funds based on real time data shared through Account Aggregator and in parallel create a lien on these securities on a real time basis. 

Account aggregators Ecosystem will benefit with access to a wider range of financial data available once SEBI goes live on the ecosystem and marks the advent of a cross sectoral benefits of an efficient and customer focussed system of data sharing in a secure and consented form.

FI TypeSchema Definition
Systematic Investment Plan (SIP)
Equity Shares
Mutual Fund Units
Exchange Traded Funds (ETF)
Indian Depository Receipts (IDR)
Collective Investment Schemes (CIS)
Alternative Investment Funds (AIF)
Units of Infrastructure Investment Trusts (INVIT)
Units of Real Estate Investment Trusts (ReIT)

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