India’s Securities and Exchange Board (SEBI) is advancing its role as a technology-driven regulator by introducing three new IT systems. Led by Chairperson Tuhin Kanta Pandey, this ‘SEBI 2.0’ effort seeks to shift from manual methods to digital systems.
The platforms include SUPCOMS, an electronic adjudication system, and C-SAC, all aimed at boosting transparency in the market and improving cybersecurity in the financial sector.
SUPCOMS
SUPCOMS serves as a single hub for communications between the regulator and market players. It replaces scattered email processes with a centralized interface for submitting regulatory documents and handling inquiries.
This approach is intended to reduce processing times for approvals and maintain a secure record for audits.
E-Adjudication
The e-adjudication system transforms SEBI’s legal operations by fully digitizing proceedings. Participants can get notifications, provide evidence online, and join virtual sessions via a protected platform.
This change should cut down on delays and speed up decisions in enforcement cases, creating a more efficient legal structure for securities.
C-SAC
To address increasing online risks, SEBI launched C-SAC, which uses artificial intelligence to assess the cybersecurity status of brokers and clearing entities.
The system automatically reviews audit reports, helping the regulator spot weaknesses and ensure compliance. This keeps the market infrastructure strong against worldwide cyber dangers.
Through these automations, SEBI can focus more on key investigations and strategic initiatives rather than routine administration.
