The circular issued by SEBI on May 24, 2024, addresses the ...

SEBI Regulates Real-Time Price Data Sharing with Online Gaming, Requires Strict Compliance and Legal Safeguards.

May 27, 2024

Circulars SEBI

The circular issued by SEBI on May 24, 2024, addresses the sharing of real-time price data with third parties, particularly online gaming platforms using virtual trading services. Market Infrastructure Institutions (MIIs) and market intermediaries must not share real-time price data unless necessary for market functioning or regulatory compliance. Agreements with entities receiving data must specify its use and be reviewed annually. Price data can be shared for educational purposes with a 1-day lag, without monetary incentives. Due diligence and legal safeguards are required to prevent misuse. MIIs must implement these norms within 30 days, make necessary amendments, and inform market participants. The circular is u/s 11(1) of SEBI Act 1992 to protect investor interests and regulate the securities market.

View Source

← Previous Next →

The circular issued by SEBI on May 24, 2024, addresses the ...

SEBI Regulates Real-Time Price Data Sharing with Online Gaming, Requires Strict Compliance and Legal Safeguards.

May 27, 2024

Circulars SEBI

You may also like:

SEBI directs Stock Exchanges, Depositories and Clearing Corporations to segregate data into two baskets - one shareable with public containing aggregate anonymized data,...

To cover all types of Online gaming in the ambit of tax deduction section 194BBA has proposed for deduction of tax on 'net winnings' from online gaming and sec 115BBJ...

PIL against the company organizing online Fantasy games - t can be seen that success in Dream 11’s fantasy sports depends upon user’s exercise of skill based on superior...

Offence under SEBI - reasonable grounds to believe - Any enquiry that may be required to be made under the SEBI Act, 1992, would be of a broader compass than that of an...

SEBI has issued a circular enhancing dynamic price bands for scrips in the Derivatives segment. The circular outlines the mechanism for dynamic price bands, including...

Capital gain on sale of shares - market price or agreed price - transfer of shares by obtaining interest free loans for a long tenure coupled with call option agreements...

Manipulative orders in a short time - the appellant’s strategy was to purchase bulk of the shares at a lesser market price. Thereafter, he used to place buy orders on...

SC stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion. A bench of JJ. J B...

GST on offline/online games such as Rummy - game of skill versus game of chance - principle of nomen-juris

SEBI introduced a special call auction mechanism for price discovery of listed Investment Companies (ICs) and Investment Holding Companies (IHCs) due to infrequent...

Game of chance or game of skill - rummy and poker - Constitutional validity of the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022 -...

This is a notification by the Securities and Exchange Board of India (SEBI) regarding the renewal of recognition granted to the Metropolitan Stock Exchange of India...

Levy of GST - offline/online games such as Rummy - games of chance or skill? - Entry 6 in Schedule III to the CGST Act taking actionable claims out of the purview of...

SEBI has revised the minimum application size for Zero Coupon Zero Principal Instruments on the Social Stock Exchange (SSE) from 10,000 to 1,000, effective immediately....

The Master Circular for Real Estate Investment Trusts (REITs) issued by SEBI consolidates all circulars up to May 15, 2024. It supersedes previous circulars and remains...

Quick Updates: