Description

SEBI establishes a Working Group to develop 5-year and 10-year technology roadmaps for Market Infrastructure Institutions, focusing on AI/ML, blockchain, cloud computing, and emerging technologies.

Summary

SEBI has constituted a Working Group chaired by Dr. D.B. Phatak, Professor Emeritus, IIT Bombay, to formulate short-term (5-year) and long-term (10-year) Technology Roadmaps for Market Infrastructure Institutions (MIIs). The initiative responds to rapid technological evolution and the increasing role of digital systems in market operations, surveillance, risk management, investor protection, and regulatory oversight. The Working Group will take a holistic and forward-looking view on adoption of emerging technologies including AI/ML, distributed ledger technology, cloud computing, SupTech and RegTech solutions, tokenisation, and quantum-safe systems.

Key Points

  • Working Group established to develop 5-year and 10-year technology roadmaps for MIIs
  • Chaired by Dr. D.B. Phatak, Professor Emeritus, IIT Bombay
  • Comprises Chairpersons of Standing Committee on Technology (SCOT) of MIIs, senior officials from Stock Brokers, Registrars and Transfer Agents (RTAs), and technology and securities market experts
  • Focus on emerging technologies: AI/ML, distributed ledger technology, cloud computing, SupTech and RegTech solutions, tokenisation, and quantum-safe systems
  • Aims to ensure Indian Securities Market remains future-ready, resilient, globally competitive, and aligned with India’s long-term digital economy vision
  • Addresses needs arising from rapid technological evolution and increasing digitalization of market operations, surveillance, risk management, investor protection, and regulatory oversight

Regulatory Changes

No immediate regulatory changes mandated. This is a strategic initiative to develop future technology roadmaps that will inform subsequent regulatory policies and guidelines for Market Infrastructure Institutions.

Compliance Requirements

No immediate compliance requirements. The Working Group will formulate recommendations that may lead to future technology adoption requirements for MIIs and market participants.

Important Dates

  • January 08, 2026: Press Release issued announcing constitution of Working Group
  • Roadmap timeline: Short-term (5 years) and Long-term (10 years)

Impact Assessment

Market Infrastructure Impact: The Working Group’s recommendations will shape the technological evolution of Indian securities markets over the next decade. MIIs including stock exchanges, clearing corporations, and depositories will need to align their technology strategies with the roadmap.

Operational Impact: Market participants including stock brokers and RTAs will be affected by future technology standards and systems emerging from this initiative. The focus on AI/ML, blockchain, cloud computing, and quantum-safe systems indicates significant potential changes in operational infrastructure.

Strategic Impact: This initiative positions the Indian securities market to adopt cutting-edge technologies proactively, enhancing competitiveness, efficiency, resilience, and investor protection. The emphasis on SupTech and RegTech solutions will modernize surveillance and regulatory oversight capabilities.

Long-term Vision: Aligns with India’s broader digital economy goals and aims to maintain the competitiveness of Indian markets in the global financial landscape.

Impact Justification

Strategic initiative to future-proof Indian securities market infrastructure through adoption of emerging technologies, with long-term implications for all market participants and regulatory oversight.