Description
RTI appeal regarding regulatory oversight of algorithmic trading platforms and their compliance with SEBI regulations.
Summary
Appeal No. 6485 of 2025 filed by Mohit Goyal regarding an RTI application seeking information about algorithmic trading platforms and their regulatory compliance. The appeal was dismissed as the queries were deemed to be seeking clarification/opinion rather than information under the RTI Act.
Key Points
- Appellant questioned regulatory framework for algorithmic trading platforms showing backtested strategies
- Concerned about unqualified persons offering trading strategies to retail investors
- Sought information on SEBI’s knowledge and action against such platforms
- Appeal dismissed as queries sought clarification/opinion rather than factual information
Regulatory Changes
No regulatory changes introduced. Appeal references existing Master Circular on Stock Brokers dated June 17, 2025 for algorithmic trading guidelines.
Compliance Requirements
No new compliance requirements. Existing algorithmic trading guidelines remain applicable as per Master Circular on Stock Brokers.
Important Dates
- RTI Application: June 27, 2025
- CPIO Response: July 14, 2025
- Appeal Filed: July 14, 2025 (Reg. No. SEBIH/A/E/25/00179)
Impact Assessment
Minimal impact - individual RTI appeal with no regulatory changes. Highlights ongoing concerns about algorithmic trading platform oversight but results in no immediate action or policy changes.
Impact Justification
Individual RTI appeal with no immediate regulatory changes or market impact