International Journal For Multidisciplinary Research

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TECHNOLOGICAL INNOVATIONS AND SEBI ACT, 1992: ADAPTING REGULATORY FRAMEWORKS TO MODERN SECURITIES MARKETS

Author(s) Ms. Anmolpreet Kaur, Prof. Dr. Rajiv Bhalla
Country India
Abstract India’s securities market has been the recipient of numerous technology changes over the last ten years. The entire process from trading, issuance, settlement to supervision has gone digital and has been changing very rapidly. The “SEBI Act, 1992” lays down the legal framework for market regulation. Still, the practicable problem is to convert the broad statutory mandates into detailed rules that regulate the pace of algorithmic trading, platform distribution, data driven advice, cloud infrastructure, and distributed ledger experiments. The main question in this research is how the “SEBI Act, 1992” facilitates the adaptation to these technological conditions that speed up execution, increase data processing, and enlarge the number of actors who can influence market behavior. Apart from formal rulemaking under “Section 30 of the SEBI Act, 1992” and soft law instruments like circulars, master circulars, advisories, and FAQs used as living standards, the analysis is also engaged in these. The paper also covers regulation that closely relates to the market conduct, such as “SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003” aimed at manipulation control and “Digital Personal Data Protection Act, 2023” concerned with consent, purpose limitation, and data governance since surveillance, onboarding, and robot advisory have become dependent on large scale personal data processing. In addition, the paper illustrates cooperation with other departments. For example, connection with IFSCA is crucial for IFSC market experiments while with MeitY for cybersecurity and cloud requirements as per SEBI’s cloud adoption framework and the consolidated “Cybersecurity and Cyber Resilience Framework” that is increasingly determining operational resilience decisions of regulated entities. The purpose is to draw a solid picture of the “SEBI Act, 1992” that is already facilitating quick responses, where subordinate legislation is playing the major role, and where design gaps are left, particularly in terms of cross border platforms, AI accountability, and the risk of off exchange manipulation facilitated by social media. The resultant set includes doctrinally anchored evaluations and a phased roadmap that is attentive to statutory limits but at the same time, employs principles led tools to market integrity and investor protection in India’s tech intensive securities ecosystem, thereby future proofing them.
Field Sociology > Administration / Law / Management
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-11-11
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.60204

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