SEBI Plans SIM-Based Authentication to Curb Unauthorized Transactions in Demat Accounts
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- By Chetan Kulasri
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- Last Updated on 21 February, 2025
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Consultation Paper; Dated: 18.02.2025
SEBI has proposed technology-based measures to create a secure trading environment and prevent unauthorized transactions in investors’ trading and demat accounts. SEBI has proposed strengthening authentication by way of a SIM binding mechanism, i.e., One UCC-One Device-One SIM, similar to that of UPI payment applications, where the UPI application recognizes SIM along with mobile device and bank account details for carrying out UPI transactions. Comments may be submitted by 11.03.2025.
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