Sebi joins RBI account aggregator ecosystem

SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system.

It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).

The user has to give consent while sharing data.