Approach to securities market data access and terms of usage of data provided by data sources in Indian securities market
Summary
This circular mandates that data provided by market sources pursuant to regulatory reporting mandates must be made available free of charge for viewing, downloading, and value-added purposes. It requires that any data which is chargeable must be clearly identified as such in the public domain. The provisions are issued under Section 11(1) of the SEBI Act and come into force with immediate effect.
Text
data provided by various data sources in Indian securities markets pursuant to regulatory mandates for reporting and disclosure in public domain... should be made available to users, ‘free of charge’ both for ‘viewing’ the data as also for download in the format as specified by regulatory mandate for reporting, as well as their usage for the value addition purposes.
apart from the data made available free of cost, data which is chargeable should be appropriately identified as such in public domain.
The provisions of this circular shall come into force with immediate effect.
This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market.
Source: SecMarx — Approach to securities market data access and terms of usage of data provided by data sources in Indian securities market. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.