Sebi grants recognition to NSDL Database Management as accreditation agency for three years

Sebi grants recognition to NSDL Database Management as accreditation agency for three years

NSDL Database Management is a wholly-owned subsidiary of National Securities Depository Ltd

FPJ Web DeskUpdated: Wednesday, May 11, 2022, 02:25 PM IST
article-image
SEBI had earlier in August 2021, introduced a framework for ‘Accredited Investors’ (AIs) in the securities market. /Logo |

NSDL announced its wholly-owned subsidiary - NSDL Database Management Limited (NDML), has received Securities & Exchange Board of India (SEBI)’s approval to set up an Accreditation Agency for a period of 3 years starting from May 10, 2022 for accreditation of eligible investors.

SEBI had earlier in August 2021, introduced a framework for ‘Accredited Investors’ (AIs) in the securities market.

Under this framework, accredited investors may avail flexibility in minimum investment amount (lower ticket size) or concessions from specific regulatory requirements applicable to investment products. Investors desirous of being reckoned as accredited Investors should approach an accreditation Agency for accreditation.

Padmaja Chunduru, MD & CEO, NSDL said, “NSDL would continue to keep innovating and adapting to newer technology to provide ease of doing business to our customers.”

RECENT STORIES

What The Union Budget Means For India’s Youth
What The Union Budget Means For India’s Youth
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
93% Of Travellers Link In-Flight Comfort To Post-Landing Well-being, 60% Flyers Willing To Pay Extra...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
PFC–REC Merger Likely To Boost Renewable Financing, Strengthen Grid Funding And Expand...
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Godrej Consumer Q3 Profit Surges 62% QoQ To ₹529 Crore, Revenue Grows 5% YoY To ₹3,694 Crore
Will Raising STT Actually Stop Speculation?
Will Raising STT Actually Stop Speculation?