Sebi to launch UPI IDs for registered entities to avoid trading frauds - The Economic Times
SEBI is introducing UPI IDs for entities registered with it that collect public funds, aiming to boost transparency and traceability. This move will help investors easily verify the legitimacy of fund-collecting institutions and reduce the risk of fraud. The UPI IDs will be linked to a central SEBI database, ensuring that only authorized entities are involved in financial transactions. This initiative aligns with SEBI’s broader efforts to improve investor protection and streamline financial operations in the securities market. It will also support digital payments and help regulators monitor and audit fund flows more effectively.
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