SEBI Partners with DigiLocker to Reduce Unclaimed Assets and Strengthen Investor Protection:
The Securities and Exchange Board of India (SEBI) has partnered with DigiLocker to streamline access to investors’ securities holdings and reduce unclaimed assets in the Indian securities market. This initiative enables investors to store and retrieve their demat holdings, mutual fund statements, and Consolidated Account Statements (CAS) through DigiLocker, ensuring seamless access to financial information. Additionally, SEBI has introduced a nomination facility that allows investors to appoint legal heirs for smooth asset transition, facilitated by KYC Registration Agencies (KRAs). This move aims to enhance investor protection and financial transparency while minimizing unclaimed assets.
