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Battling the social bulls: Internet firms fear overregulation by Sebi

Economic TimesEconomic Times · 21d
Battling the social bulls: Internet firms fear overregulation by Sebi

Social media companies and representative bodies have raised concerns about a draft proposal by the Indian market regulator, Sebi, regarding the jurisdiction and compliance burden it would impose. Under the proposal, only specified digital platforms (SDPs) recognised by Sebi would be allowed to host content or advertisements related to the securities market or financial advice. The platforms would also have to prevent the dissemination of unauthorised financial advice and share securities market-related information with Sebi when requested. The Internet and Mobile Association of India argued that the regulation of legitimate entities should be the responsibility of Sebi, not the platforms themselves.

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