Description

SEBI mandates all regulated entities to ensure digital platform compliance with Rights of Persons with Disabilities Act, 2016 and corresponding rules for accessibility.

Summary

SEBI has issued mandatory compliance requirements for all regulated entities to ensure their digital platforms comply with the Rights of Persons with Disabilities Act, 2016. All stock exchanges, clearing corporations, depositories, registered intermediaries, and other SEBI regulated entities must implement accessibility provisions on their digital platforms with specific timelines and reporting requirements.

Key Points

  • All digital platforms of SEBI regulated entities must comply with RPwD Act, 2016
  • Compliance covers Sections 40, 42, and 46 of RPwD Act and Rule 15(1)(c) of RPwD Rules 2017
  • Phased implementation with specific milestones over 6 months
  • Annual compliance reporting required within 30 days of financial year end
  • IAAP certified accessibility professionals must be appointed as auditors
  • Accessibility audits mandatory for all digital platforms

Regulatory Changes

New mandatory compliance framework established requiring all SEBI regulated entities to ensure digital accessibility for persons with disabilities. This includes specific provisions for accessibility (Section 40), access to information and communication technology (Section 42), time limits for accessibility by service providers (Section 46), and accessibility rules compliance.

Compliance Requirements

  • Submit list of digital platforms within 1 month
  • Submit compliance/action taken report within 1 month
  • Appoint IAAP certified accessibility professionals within 45 days
  • Conduct accessibility audits within 3 months
  • Complete remediation and ensure full compliance within 6 months
  • Annual compliance reporting to designated authorities
  • Stock Brokers/DPs report to Stock Exchanges/Depositories
  • Investment Advisors report to BASL
  • MIIs and other REs report directly to SEBI

Important Dates

  • Within 1 month: Submit digital platform list and compliance report
  • Within 45 days: Appoint certified accessibility auditors
  • Within 3 months: Complete accessibility audits
  • Within 6 months: Complete remediation and ensure full compliance
  • Annual reporting: Within 30 days from end of each financial year
  • Effective date: Immediately from circular issuance date

Impact Assessment

High operational impact on all SEBI regulated entities requiring significant technology upgrades and process changes. Entities must invest in accessibility infrastructure, professional auditing services, and ongoing compliance monitoring. The phased approach provides structured implementation but requires immediate action planning and resource allocation across the entire securities market ecosystem.

Impact Justification

Mandatory compliance requirement affecting all SEBI regulated entities with specific timelines and reporting requirements