Erience Solutions | Structured Digital Database Page of ISO 9001:2008 Certified Internet Agency

Objectives

The SEBI (PIT) Regulations, 2015 Compliant Structured Digital Database Software.

The Structured Digital Database (SDD) is a system for tracking and managing unpublished price sensitive information (UPSI) shared internally or externally. It is based on Reg. 3 (5) and 3 (6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, which were first introduced in 2018 and went into effect on April 1, 2019.

UPSI refers to any information related to a company or its securities that is not publicly available, and that if made public, could significantly impact the price of the securities. This includes information that is directly or indirectly related to the company. The term "generally available information" refers to information that can be accessed by the public on a fair and equal basis.

The purpose of the SDD is to record and monitor the individuals who have been provided with UPSI.

Features

Our software has many features and capabilities, but we want to highlight a few that we are particularly proud of.

Internal Database

Our Structured Digital Database software creates a non-tamperable and time-stamped internal database of records.

Unlimited Users

Our Structured Digital Database software offers the ability to have an unlimited number of users and installations.

Connected Persons List

Our Structured Digital Database software offers the capability to enter an unlimited list of connected persons.

Connected Agencies List

Our Structured Digital Database software offers the capability to enter an unlimited list of connected agencies.

UPSI Logs

Our Structured Digital Database software allows for the recording and export of an unlimited number of UPSI logs.

Audit Trail

Our Structured Digital Database software provides a time-stamped audit trail for each record and activity.

Multiple Reports

Our Structured Digital Database software offers a wide range of reports for regulatory compliance and internal control purposes.

24*7 Backup

Our Structured Digital Database software auto-creates backups for each record entry and sends an email notification.

Common Questions

We have tried to answer all the frequently asked questions here. Feel free to ask other questions.

All listed entities and organizations that handle UPSI as fiduciaries or intermediaries are required to maintain a Structured Digital Database (SDD). It should be noted that debt-listed entities are also considered as listed entities and they have listed securities.

As per the regulation 3(5) of the SEBI (PIT) Regulations, 2015, the responsibility of maintaining a Structured Digital Database (SDD) falls on the board of directors. However, the board can assign the task to one or more individuals, such as the compliance officer. Therefore, the responsibility of maintaining the SDD lies with the person(s) designated by the board.

Ideally, if the technology application that maintains the Structured Digital Database (SDD) can automatically pick up information from emails that are tagged as "sensitive", then the entry in the SDD should be in real-time. However, if real-time entries are not possible, there will be a time lag between the sharing of the information and the entry in the SDD. This time lag should be minimized as much as possible and such controls should be part of the internal controls established by the board of directors or CEO.

Reach Us

Get in touch with us for any feedback. We place a high value on building long-term business relationships.

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IN: +91-94276-33901

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Structured Digital Database

Structured Digital Database

The SEBI (PIT) Regulations, 2015 Compliant Structured Digital Database Software.