Description

SEBI mandates all regulated entities to ensure digital platform accessibility compliance with RPwD Act 2016 within specified timelines.

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 stockbrokers, mutual funds, exchanges, depositories, and other SEBI-regulated intermediaries must implement digital accessibility features within specified timelines and undergo annual audits.

Key Points

  • All digital platforms of SEBI regulated entities must comply with RPwD Act 2016
  • Compliance covers accessibility provisions, information technology access, and service provider time limits
  • IAAP certified accessibility professionals must conduct audits
  • Annual compliance reporting required within 30 days of each financial year end
  • Applies to all regulated entities including stock exchanges, depositories, clearing corporations, and intermediaries

Regulatory Changes

  • Introduction of mandatory digital accessibility compliance framework
  • Establishment of specific audit requirements by IAAP certified professionals
  • Implementation of structured reporting mechanism through exchanges, depositories, and BASL
  • Annual compliance certification process

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
  • Complete 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 auditor and conduct audit
  • Within 3 months: Complete audit process
  • Within 6 months: Complete remediation and achieve full compliance
  • Ongoing: Annual compliance reporting within 30 days of each financial year end

Impact Assessment

High Impact: This circular affects all SEBI regulated entities requiring significant technology upgrades and compliance investments. Organizations must allocate resources for accessibility audits, platform modifications, and ongoing compliance monitoring. Non-compliance could result in regulatory action and operational restrictions.

Impact Justification

Mandatory compliance affecting all SEBI regulated entities with strict timelines and annual reporting requirements