(DC)
Market regulator SEBI proposed technology-based measures to secure the trading environment and to prevent unauthorised transactions in investors’ trading or demat account. SEBI has proposed SIM card-binding mechanism, among others, to strengthen authentication. In this, a user can login into the trading account only when the trading application recognises the unique client code of the user, along with the user’s SIM .A call and trade facility either to a stockbroker or to an authorised person will be allowed only through centralized dedicated phone numbers, email address or mobile numbers of the stockbroker, SEBI proposed in a consultation paper.
