The Reserve Bank of India (RBI) account aggregator structure has welcomed the Securities Exchange Board of India (SEBI) as a member.
Asset management companies (AMCs), depositories, and other businesses are now permitted to operate as financial information providers (FIPs) thanks to SEBI .”The financial information, as specified in clause 3(ix) of the RBI Master Directions, will be provided to customers and financial information users who furnish the consent artefact through any of the Account Aggregators registered with RBI,” SEBI said in a circular. SEBI further indicated that FIPs would deliver financial data about the securities markets via account aggregators after acquiring legitimate user permission.
