Description

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

Summary

SEBI has issued mandatory compliance requirements for all regulated entities to ensure their digital platforms are accessible to persons with disabilities under the Rights of Persons with Disabilities Act, 2016. All stockbrokers, mutual funds, exchanges, depositories, and other SEBI-regulated entities must implement accessibility features with specific timelines and annual reporting requirements.

Key Points

  • All digital platforms of SEBI regulated entities must comply with RPwD Act, 2016
  • Compliance covers accessibility, information access, communication technology, and service provider time limits
  • IAAP certified accessibility professionals must be appointed as auditors
  • Annual compliance reporting required within 30 days of each financial year end
  • Applies to all registered intermediaries and Market Infrastructure Institutions

Regulatory Changes

  • Introduction of mandatory digital accessibility compliance for all SEBI regulated entities
  • Establishment of accessibility audit requirements by IAAP certified professionals
  • Implementation of structured reporting timelines and milestones
  • Annual compliance reporting framework introduced

Compliance Requirements

  • Submit list of digital platforms within 1 month
  • Submit compliance/action taken report within 1 month
  • Appoint IAAP certified accessibility auditor within 45 days
  • Conduct accessibility audit within 3 months
  • Complete remediation and ensure full compliance within 6 months
  • Annual compliance reporting within 30 days of financial year end

Important Dates

  • Within 1 month: Submit digital platforms list and compliance report
  • Within 45 days: Appoint IAAP certified accessibility auditor
  • Within 3 months: Complete accessibility audit
  • Within 6 months: Complete remediation and ensure full compliance
  • Annual: Submit compliance report within 30 days of financial year end

Impact Assessment

High Impact: This circular affects all SEBI regulated entities requiring significant investment in digital platform upgrades, accessibility audits, and ongoing compliance monitoring. The mandatory nature with specific timelines creates immediate operational and financial impact across the entire securities market ecosystem, ensuring inclusive access for persons with disabilities.

Impact Justification

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