SEBI signs data‑sharing pacts
India’s securities regulator SEBI signed new data‑sharing agreements intended to boost real‑time intelligence and fraud prevention across markets. The pacts are presented as part of an effort to strengthen market surveillance and cross‑agency coordination. (thehindubusinessline.com)
The Securities and Exchange Board of India signed two data-sharing pacts on April 15 to get faster fraud alerts from telecom and anti-money-laundering agencies. (sebi.gov.in) One memorandum of understanding is with the Department of Telecommunications, which built a Digital Intelligence Platform that flags telecom-resource misuse tied to cybercrime and financial fraud. SEBI said the agreement will allow regular exchange of data and information to detect and prevent fraud in the securities market. (sebi.gov.in) The second pact is with the Financial Intelligence Unit-India, the agency that receives and analyzes suspicious transaction reports under India’s anti-money-laundering system. BusinessLine and CNBC-TV18 reported that the FIU-India agreement took effect on April 15, 2026 and covers regular sharing of data and information under Egmont principles. (thehindubusinessline.com) (cnbctv18.com) In plain terms, SEBI is trying to connect market surveillance with two outside signal systems: one that sees suspicious communications infrastructure, and one that sees suspicious money flows. SEBI says its integrated surveillance department already monitors market activity through exchange systems, internal data and analytical software. (sebi.gov.in 1) (sebi.gov.in 2) The timing fits a broader push inside SEBI to tighten fraud controls as more investing activity moves through digital channels. In February 2026, the regulator warned investors about stock-market scams run through “account handling services” and launched an AI-driven calling campaign to promote its “SEBI Check” tool and validated UPI handles. (sebi.gov.in) SEBI has also been building a larger data architecture behind the scenes. Its website says the regulator is developing a data warehouse system for surveillance, inspections and supervision, and a February 11, 2026 circular set a real-time performance monitoring framework for commodity derivatives market infrastructure institutions. (sebi.gov.in 1) (sebi.gov.in 2) This is not the same as SEBI’s separate policy work on sharing market data for research and analysis. In October 2024, the regulator issued a consultation paper on a draft “Policy for Sharing Data for the Purpose of Research / Analysis,” aimed at intermediaries and market infrastructure institutions. (sebi.gov.in) The new pacts are narrower and more operational: they are meant to move information between agencies quickly enough to spot suspicious trading, suspicious identities or suspicious payment trails before losses spread. For SEBI, the immediate test is whether those extra data feeds turn into earlier interventions in India’s securities market. (thehindubusinessline.com) (cnbctv18.com)
