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SEBI to Join Account Aggregator Framework

Published on May 01, 2022
Current Context: Securities and Exchange Board of India, will join the account aggregator framework for data sharing.
SEBI to Join Account Aggregator Framework
  • The account aggregator framework is meant to allow the customers to share information about their mutual fund and stock portfolio with the financial service providers, such as Brokers, lenders, wealth managers, etc.
  • The Account Aggregator Framework is under the regulation of the Reserve Bank of India, therefore it would make the transactions secure. An API (Application Program Interface) is used as an interface between the market players and the regulators. The players include NSDL, CSDL, CAMS, etc.

Question:

Q.1 Which of these regulates, the account aggregator framework?
a. RBI
b. SEBI
c. PFRDA 
d. IBBI
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