SDD - SEBI PIT Insights

SEBI PIT Insights

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SDD

A collection of 4 posts

Designing an Audit Trail That Survives a SEBI Inspection

Every compliance vendor's pitch deck has a slide about audit trails, and most of them mean "we log things" — a table somewhere with a timestamp and a user ID. That's not what actually survives an inspection. Having built the audit layer under our insider-

How We Model UPSI Data

The last post was about proving nothing's been tampered with after the fact. This one is upstream of that — before you can build a trustworthy audit trail around UPSI (Unpublished Price Sensitive Information), you have to decide how to model the data itself, and that turns out to

Navigating the Grey Areas of UPSI: Insights from the ICSI Masterclass on SDD

Navigating the Grey Areas of UPSI: Insights from the ICSI Masterclass on SDD

The mandate is clear: SEBI’s Prohibition of Insider Trading (PIT) Regulations require listed companies to maintain a Structured Digital Database (SDD) to track the flow of Unpublished Price Sensitive Information (UPSI). Yet, years after its introduction, many companies are still grappling with a fundamental question: When exactly does a

Building the Audit Trail: The Operational Reality of SEBI's Structured Digital Database (SDD)

Building the Audit Trail: The Operational Reality of SEBI's Structured Digital Database (SDD)

Here is a blog article breaking down the deep-dive panel discussion on the operational realities of the Structured Digital Database (SDD). To effectively combat insider trading, regulators need to follow the footprint of information. In 2018, the Committee on Fair Market Conduct identified a critical vulnerability: once a company