Unauthorised Leak of Sensitive Information

July 12, 20194 days 00
  • The Finance Bill, 2019 has given the SEBI powers to levy huge fines on “entities” that tamper or destroy electronic databases or fail to furnish data during investigation.
  • Fines are up to ₹10 crore or three times the unlawful gains, whichever is higher.
  • Individual brokers can be laid fines upto ₹1 crore.
  • The move is aimed to prevent leak unauthorised leak of pricing information and other sensitive data through Whatsapp and other digital means.

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