Does a company need to maintain SDD if it is under Corporate Insolvency Resolution Process (CIRP) ?
Yes. The provisions of the regulations requiring maintenance of the Structured Digital Database are applicable to all listed entities while ... [...]
We only have listed debt, do we need to maintain SDD?
Yes. The provisions of the regulations requiring maintenance of the Structured Digital Database are applicable to all listed entities, which ... [...]
Can a listed company use software provided by third party vendors? Can the server belong to the vendor but entries be made by employees of the company only?
This question may mistakenly arise because Reg. 3(5) of the SEBI Prevention of Insider Trading regulations require SDD not be ... [...]
Do unlisted intermediaries and fiduciaries also face the requirement to maintain the SDD?
The requirement to maintain a SDD is applicable to listed companies as well as to all intermediaries and fiduciaries who ... [...]
Should the SDD entries include details of UPSI shared?
The Structured Digital Database is not meant to be a database of UPSI itself but only to capture the nature ... [...]
Does a listed entity need to maintain a Structured Digital Database and provide the compliance certificate for the quarter even if it has no UPSI?
Since every listed company would need to, at the very minimum, have at least one event every quarter that would ... [...]
Which entities are required to submit the SDD compliance certificate? Who provides the compliance certificate for SDD from the entity?
Currently, listed entities are required to submit the SDD compliance certificate. In the future, key intermediaries (for example, those having ... [...]
What should be recorded in the Structured Digital Database from items covered under regulation 30 or regulation 51 ? Are these to be considered UPSI as well?
These regulations read together with the Schedule III of SEBI LODR incorporate items that are deemed material as also those ... [...]
What are the regulatory non-compliances related to maintenance of the Structured Digital Database? What are the non-compliance consequences?
Regulatory non-compliances can include: Per NSE circular, the non-compliant entity will be displayed as “non-compliant with SDD” in the ‘Get ... [...]
Who is responsible to ensure maintenance of SDD and prevent failure of entries?
Regulations cast responsibility upon the Board of Directors, who would implement it through the compliance function. It stands to reason ... [...]
Why do I need to record information shared internally into the Structured Digital Database?
The underlying rationale for a structured digital database as explained by Dr T.K.Viswanathan Committee is that once the information is ... [...]
The word audit trail is used often in relation to the Structured Digital Database. What does it mean?
An audit trail is “a chronological record of system activities that is sufficient to enable the reconstruction and examination of ... [...]
Does each company in a group of companies need to maintain a Structured Digital Database separately?
Yes, every company is a separate legal entity and is required to maintain an independent SDD for UPSI sharing relating ... [...]
Does the unlisted subsidiary of a listed company which is sharing information on the former need to maintain a Structured Digital Database?
While information in relation to the unlisted subsidiary needs to be captured in the listed entity’s Structured Digital Database, the unlisted ... [...]
Does the Structured Digital Database need to capture information in relation to my listed entity only or should it also include my listed subsidiary? What if the subsidiary is unlisted?
UPSI refers to any information that is likely to materially affect the price of the securities. Information that relates to ... [...]
A notice of confidentiality is required to be given to UPSI recipients per Reg. 3(2B) of the relevant regulations, how do we do that?
Affinis(SDD) can enable you to send the email automatically as soon as the flow of UPSI is recorded. It may ... [...]
