Easy market access does not guarantee understanding, said SEBI chief Tuhin Kanta Pandey.
Direct Plans Will Be Default Option On Digital Platforms From November 1: SEBI Chief
In short
Online platforms must implement direct investment plans as their standard baseline setting starting in November. SEBI Chief Tuhin Kanta Pandey revealed the forthcoming mandate while addressing industry dynamics. Pandey pointed out that providing simple entry into the market does not automatically ensure that participants understand what they are doing. Digital services will now need to comply with the structured timeline established by market authorities.
Key points
- Digital platforms are required to alter their interfaces to present direct options primar…: Digital platforms are required to alter their interfaces to present direct options primarily starting this November.
- Regulators remain concerned that easy market access fails to guarantee complete understan…: Regulators remain concerned that easy market access fails to guarantee complete understanding for retail investors.
- Online services must comply with regulatory directives to safeguard the general investing…: Online services must comply with regulatory directives to safeguard the general investing public automatically.