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 This mandates listed entities, intermediaries, and fiduciaries to maintain records of Unpublished Price Sensitive Information (UPSI).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 flow within the Structured Digital Database Software.
Journey
Journey of SDD Software Concept
The diagram below illustrates the evolution and implementation 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3(5) – SDD Compliance | The board of directors or head(s) of the organisation of every person required to handle unpublished price sensitive information shall ensure that a structured digital database is maintained containing the nature of unpublished price sensitive information and the names of such persons who have shared the information and also the names of such persons with whom information is shared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– Data maintenance period | The board of directors or head(s) of the organisation of every person required to handle unpublished price sensitive information shall ensure that the structured digital database is preserved for a period of not less than eight years after completion of the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?
The Best Legal Tech Compliance Platform
Orion Legal Supplies is a digital-first organization focused on developing legal tech solutions for compliance professionals in India. Our platform is sector-agnostic, offering adaptable and powerful compliance solutions across industries.
Sector-Agnostic
Our legal tech products are designed for compliance professionals across all industries.
Comprehensive Q&A Platform
We provide a specialized platform for insider trading inquiries and compliance solutions.
Adaptable & Flexible
Our solutions are highly adaptable, making compliance easy across multiple sectors.
Digital-First Organization
We leverage the latest technology to provide seamless digital compliance solutions.
Developed by Experts
Built by compliance professionals with deep legal expertise in financial regulations.
Tested & Trusted
Our solutions are rigorously tested and trusted by leading legal professionals.
Constant R&D
We continuously enhance our platform to stay ahead of compliance regulations.
Security & Reliability
We prioritize a secure, reliable, and razor-sharp architecture for compliance management.