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<h1>SEBI Issues Data Sharing Policy: Categorizes Data for Research, Requires MIIs' Annual Review and SEBI Approval.</h1> The circular from SEBI outlines a policy for sharing data for research and analysis purposes. It mandates that stock exchanges, clearing corporations, and depositories categorize data into two baskets. The first basket includes publicly shareable aggregate and analyzed data, such as business growth and trading statistics, available on their websites. Researchers can access up to 2 GB of such data annually for free, with fees applicable for larger or processed data requests. The second basket contains sensitive data, like KYC details and trade logs, which cannot be publicly shared. MIIs must submit their data lists for SEBI approval within 60 days and review them annually.