Sebi writes to IRDAI to incorporate buyers’ insurance coverage coverage particulars in consolidated account assertion
The transfer is geared toward increasing the scope of CAS past securities market investments to create a complete monetary ledger protecting shares, mutual funds, financial institution deposits, pension financial savings and insurance coverage insurance policies.
“I’ve additionally written to the IRDAI (Insurance coverage Regulatory and Growth Authority of India) chairman to discover the inclusion of insurance coverage info in order that buyers can have a monetary ledger protecting their investments,” Pandey stated on the sidelines of the Samvaad India Open Finance Summit 2026.
Earlier this month, the Reserve Financial institution of India stated it’ll additionally facilitate Sebi-regulated depositories to incorporate financial institution deposit info in CAS.
Addressing the occasion, the Securities and Alternate Board of India (Sebi) chief stated the market regulator can also be working to facilitate the inclusion of financial institution deposit info in eCAS by means of the Account Aggregator framework. This could assist buyers acquire a extra complete view of their monetary belongings by bringing financial institution deposit info alongside their present securities-market investments.
“Going forward, interoperability amongst Account Aggregators, as soon as carried out, would allow buyers to entry and share monetary info extra seamlessly, with out being constrained by the contractual relationship between a selected FIP and a selected AA. The latest announcement by RBI on interoperability is due to this fact a welcome step,” Pandey stated.
Pandey stated the Account Aggregator (AA) framework may assist combine monetary info throughout merchandise, enabling buyers to get a consolidated view of their portfolios and facilitating monetary planning.He stated info on demat and non-demat holdings, mutual funds and shares held throughout brokers was already accessible by means of CAS, whereas pension-related info was additionally being built-in. Insurance coverage info could possibly be added to the framework, topic to the mandatory preparations and buyer consent.
In the meantime, talking on the Monetary Categorical Fashionable BFSI Summit 2026, he stated the market regulator is enterprise a complete overview of the Itemizing Obligations and Disclosure Necessities (LODR) framework to make it extra up to date and streamlined.
The regulator has proposed stronger monitoring of subject proceeds to enhance transparency and accountability, with additional proposals geared toward easing enterprise operations and simplifying compliance with out compromising investor safety. It is usually reviewing the SME IPO framework to assist real enterprises elevate capital whereas defending buyers, he stated.
Sebi can also be creating a market-making framework to enhance liquidity within the secondary company bond market and plans to widen retail entry by means of regulated on-line bond platforms. Critiques of short-selling and the Securities Lending and Borrowing Mechanism (SLBM) are geared toward enhancing liquidity and value discovery.
Within the second section of its Demat 2.0 initiative, the regulator plans to allow secondary-market buying and selling of tokenised company bonds, whereas additionally exploring an AI sandbox to check functions in a managed setting, he added.
