Investors using DigiLocker can nominate specific individuals for asset transmission.
Share Post
Investors using DigiLocker can nominate specific individuals for asset transmission.
The Securities and Exchange Board of India (SEBI) is intending to use a digital infrastructure designed to transform asset management and protect investor interests in the securities market. Through a comprehensive draft circular, SEBI has proposed leveraging DigiLocker as a digital platform to address the persistent challenge of unclaimed and unidentified financial assets.
The proposal represents a strategic approach to streamline asset transmission and ensure immediate financial information access for nominees.
The proposed framework includes a multi-faceted integration strategy involving:
The proposal introduces advanced technological solutions to facilitate seamless asset management, including:
Furthermore, investors using DigiLocker can nominate specific individuals for asset transmission, receive automated notifications upon significant life events, and enable immediate access to financial holdings for designated nominees.
SEBI has initiated a public consultation process, inviting stakeholder feedback until December 31, 2024. Interested parties can submit comprehensive comments through official digital channels.
The proposal directly addresses a longstanding challenge in securities management: the complexity of asset transmission and the risk of financial resources becoming inaccessible. By implementing a digital-first approach, SEBI seeks to create a transparent, efficient mechanism for managing investor assets.
Upon finalisation, the circular will mandate comprehensive system integration across Asset Management Companies, depositories, and KYC Registration Agencies, underscoring a commitment to robust data protection and investor security.
This innovative approach represents a significant milestone in India's digital financial transformation, promising enhanced transparency and efficiency in asset management.
BMW F 450 GS To Get Semi-Automatic Gearbox As An Option
Arun Mohan Nadar 8 Jul, 2025, 4:26 AM IST
Alpine A290 Rallye For Customer Racing Revealed Ahead Of Goodwood Debut
Sutanu Guha 7 Jul, 2025, 2:31 PM IST
Bentley Enters India Officially As Part of Skoda Auto Volkswagen India Group
Satvik Khare 7 Jul, 2025, 2:27 PM IST
Auto Sales June 2025: Electric Two-Wheeler Sales Grows At Great Pace, But Future Remains Uncertain
Sutanu Guha 7 Jul, 2025, 1:28 PM IST
Chinese Automaker Onvo Shows Off Cars Performing “AI Self Test” Prior to L90 SUV Launch
Jamshed Avari 7 Jul, 2025, 12:57 PM IST
Looking for a new car?
We promise the best car deals and earliest delivery!