SEBI extends unified reporting platform SPM to clearing members, consolidating 14 reports from September 30, 2026, to eliminate duplication and streamline compliance.
SEBI Extends Samuhik Prativedan Manch to Clearing Members
The Securities and Exchange Board of India (SEBI) has expanded the Samuhik Prativedan Manch (SPM), its centralized reporting platform, to include Clearing Corporation Members. From 30 September 2026, 14 compliance reports previously submitted separately will be harmonized under SPM to reduce redundant submissions and improve data consistency.
The integration covers key filings such as client KYC, trade confirmations, and margin reporting. By centralizing data intake, SEBI aims to strengthen surveillance, prevent data mismatches, and ease compliance burdens on market intermediaries. The move aligns with SEBI’s Digital 2027 roadmap for technology-led regulation.
Legal and compliance teams must ensure their clients’ reporting systems are SPM-compliant before the deadline. This reform underscores a broader shift toward unified, real-time regulatory reporting platforms. Firms should conduct internal audits and upgrade their compliance infrastructure to meet anticipated data standardization requirements.
