SEBI requires UPSI data to be kept recorded by maintaining a structured digital database which provides time stamping and internal controls & checks, along with non-tamperability and auditability. These features would not be viable in Microsoft Excel or any other regular spreadsheeting software given the lack of internal controls and checks, lack of audit trail and the high tamperability of data.
One of the many reasons Affinis(SDD) is considered compliant as against Excel sheets or Sharepoint or emails is because it provides secure audit trails, anti-tamperability and time-stamping in addition to maintain each required detail for every flow of UPSI
