The Securities and Exchange Board of India (Prevention of Insider Trading) Regulations 2015, as amended from time to time, requires that the structured digital database shall not be outsourced and shall be maintained internally with adequate internal controls and checks. In fact, even databases/ servers provided by third party vendors will be considered as outsourced whether within India or outside India. Thus, any Structured Digital Database maintained on, say, Amazon, Google or cloud servers, will be considered as outsourced and therefore prohibited as clarified by the Comprehensive FAQs on SEBI (PIT) Regulations, 2015.
Affinis(SDD) is fully compliant with all SEBI requirements, is deployed internally and only authorized people have access to it on your internal systems. What’s more, access controls are available for your to decide the appropriate level of access based on the ‘Need-to-Know’ principle.