India’s Securities and Exchange Board (SEBI) is advancing its role as a technology-driven authority by introducing three innovative digital systems. Led by Chairperson Madhabi Puri Buch, this effort, known as SEBI 2.0, seeks to shift from traditional manual methods to a more efficient digital framework.
The platforms include SUPCOMS, an electronic adjudication system, and C-SAC. They are intended to boost transparency in the markets and enhance the overall cybersecurity of the nation’s financial network.
SUPCOMS
SUPCOMS, or Streamlined Unified Platform for Communication and Oversight, serves as the main hub for all exchanges between SEBI and financial intermediaries. It replaces scattered email systems with a single interface for submitting regulatory documents and addressing inquiries.
This centralized approach is designed to reduce processing times for approvals and maintain a secure, unalterable record for audits.
E-Adjudication
The electronic adjudication system marks a major change in SEBI’s handling of legal matters. It fully digitizes proceedings, allowing participants to get notifications, provide evidence online, and join virtual sessions via a protected platform.
Such digitization should cut down on delays in procedures and speed up decisions in enforcement cases, leading to a more effective legal structure for the securities industry.
C-SAC
In response to increasing online risks, SEBI has launched C-SAC, or Cybersecurity Supervision and Audit Compliance. This system employs artificial intelligence to assess the cybersecurity status of brokers and clearing entities.
It automatically reviews cyber audit submissions, helping the regulator spot potential weaknesses and compliance issues early. This supports the durability of market systems against ongoing international cyber dangers.
Through these automations, SEBI can focus its efforts on advanced investigations and strategic initiatives rather than routine administration.
