Straight Through Processing framework mandates SEBI approval, digital signatures, secure message integrity and mandated recordkeeping. These Guidelines create a regulated STP framework requiring SEBI approval for centralised hubs and service providers, set eligibility and time limited approvals, and prescribe distinct operational duties: hubs must ensure continuous secure connectivity, verify digital signature certificates, confirm message authenticity, digitally sign outgoing messages, maintain directories and complete message flow records open to SEBI inspection; service providers must connect to the hub, validate certificates, follow messaging standards, maintain user directories and audit records, and route inter provider messages through the hub except in limited emergencies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Straight Through Processing framework mandates SEBI approval, digital signatures, secure message integrity and mandated recordkeeping.
These Guidelines create a regulated STP framework requiring SEBI approval for centralised hubs and service providers, set eligibility and time limited approvals, and prescribe distinct operational duties: hubs must ensure continuous secure connectivity, verify digital signature certificates, confirm message authenticity, digitally sign outgoing messages, maintain directories and complete message flow records open to SEBI inspection; service providers must connect to the hub, validate certificates, follow messaging standards, maintain user directories and audit records, and route inter provider messages through the hub except in limited emergencies.
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