Structured Digital Database
“SDD Software – a path-breaking software tool to curb UPSI menace”
Orion Legal Supplies has been pioneering in the space of software related to Structured Digital Database (“SDD”). In the below part, we take a moment to give you a brief idea of our Structured Digital Database Software (“SDD Software”) or Insider Trading Software (“PIT Software”).
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Concept
Understanding the SDD Software Concept
The concept of a Structured Digital Database (SDD) is outlined in Regulation 3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015. This mandates listed entities, intermediaries, and fiduciaries to maintain records of Unpublished Price Sensitive Information (UPSI).
The database must accurately record the nature of UPSI, as well as the details of the person who has shared and received it. This ensures proper compliance, security, and transparency in tracking UPSI flowwithin the Structured Digital Database Software.
Journey
Journey of SDD Software Concept
The diagram below illustrates the evolution andimplementation of the SDD Compliance Framework in India.
Law
SDD Law Regulations
| Regulation | Description |
|---|---|
| Regulation 3(5) – SDD Compliance | The board of directors or head(s) of the organisation of every person required to handle unpublished price sensitive information shall ensure that a structured digital database is maintained containing the nature of unpublished price sensitive information and the names of such persons who have shared the information and also the names of such persons with whom information is shared under this regulation along with the Permanent Account Number or any other identifier authorized by law where Permanent Account Number is not available. Such database shall not be outsourced and shall be maintained internally with adequate internal controls and checks such as time stamping and audit trails to ensure non-tampering of the database. |
| Regulation 3(6) – Data maintenance period | The board of directors or head(s) of the organisation of every person required to handle unpublished price sensitive information shall ensure that the structured digital database is preserved for a period of not less than eight years after completion of the relevant transactions and in the event of receipt of any information from the Board regarding any investigation or enforcement proceedings, the relevant information in the structured digital database shall be preserved till the completion of such proceedings. |
| Regulation 9A (1) - Institutional Mechanism for Prevention of Insider Trading | The Chief Executive Officer, Managing Director or such other analogous person of a listed company, intermediary or fiduciary shall put in place adequate and effective system of internal controls to ensure compliance with the requirements given in these regulations to prevent insider trading. |
why sdd
why our sdd software
No Outsourcing
SDD Software is provided on a Licence basis only.
Maintained Internally
SDD Software is deployed on-premises and Information is maintained internally.
Internal Control
Achieve an appropriate level of control over who can access the SDD Software.
Non – Tamperable
Time-stamping and audit trail to ensure Non-Tampering of Database.
Audit Trail
Our SDD Software provides a time-stamped audit trail for each record and activity.
Constant R&D and Improvements
Our SDD Software provides a time-stamped audit trail for each record and activity.
Time-Stamping
Our SDD Software provides an accurate time-stamped entry.
Email Facility
Send Alerts through email facility from SDD Software to Designated Persons.
Maker - Checker
Develop a maker-checker before the data moves to the final.
Capture Designated Persons
Capture detailed profile of Designated Person as per PIT Regulations.
Know your Insider
Conduct Know Your Insider by way of declarations.
Support just a call or message away
You can drop a mail, make a call or just drop a WhatsApp message, we assure to provide the best service.
Capture UPSI Flow
Capture seamlessly UPSI flow and track the persons in possession.
Comprehensive Reports
Comprehensive reports helping you to curb UPSI menace and Insider Trading.
Intuitive Design
We follow our razor-sharp focus design model helping to achieve an Intuitive user interface.
Backup
Manually generate backups and preserve the data for life long.
Trusted organization
Trusted by legal professionals and compliance officers across the board.
Tested by the best
Our SDD Software has been tested to the best by best.
Why Choose Us?
Why Choose Us?
Digital-first organization
Developed by subject experts
Tested to the best by the best
Trusted organization
Constant R&D and Improvements
Razor-Sharp Architecture
Secured product-building approach
Rich experienced team
Support is just a tap away
Support till resolution
For further insights, refer to our write-ups and stay informed.📞 Contact us for a demonstration of our SDD at +91-9158639996 or contact@orionlegalsupplies.in