CDSL becomes the first depository to join the Account Aggregator framework as a Financial Information Provider (FIP)
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Central Depository Services (India) Limited (“CDSL”), Asia’s first and only listed depository, is pleased to announce that it has become the first depository to go “Live” as a Financial Information Provider (FIP) on the Account Aggregator (AA) framework.
The website of CDSL provides the complete details of the roles of FIPs, Financial Information Users (FIUs) and AAs at www.cdslindia.com.
About CDSL:
Central Depository Services (India) Limited (CDSL) is India’s leading and only listed depository, with an objective of providing convenient, dependable and secure depository services at affordable cost to all market participants. CDSL received its certificate of commencement of business from SEBI in February 1999 and it facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.
CDSL maintains and services 8 crore+ Demat accounts of Investors or Beneficial Owners (BOs) spread across India. These BOs are serviced by CDSL’s 580+ Depository Participants (DPs).
CDSL’s enduring focus on delivering quality services and innovative products has propelled it on a high growth path in recent years. Since the financial services industry has become increasingly IT- reliant, cutting-edge technology is at the heart of CDSL’s strategic vision. Major shareholders of CDSL include BSE, Standard Chartered Bank, PPFAS Mutual Fund, LIC and Canara Bank.
CDSL along with its subsidiaries also provides a host of services to the financial intermediaries and markets, these include:
CDSL Ventures Limited (CVL) is a wholly owned subsidiary of CDSL and the 1st and largest KYC Registration Agency (KRA). CVL conceptualised, designed and implemented the KRA system in association with AMFI for all mutual funds in 2008. Currently, CVL has over 4.5 crore fully digitised KYC records which are uploaded and accessed by over 2700 intermediaries spread across the country. CVL also provides services relating to Registrar & Share Transfer Agent (RTA), GST Suvidha Provider (GSP), Academic Depository and performing de-duplication of claims of Pradhan Mantri Jeevan Jyoti Bima Yojna
CDSL Insurance Repository Limited (CDSLIR) is a company registered under the Companies Act, 1956. CDSL IR has received registration certificate from Insurance Regulatory and Development Authority of India (IRDAI) to act as an ‘Insurance Repository’ under the Guidelines on Insurance repositories and electronic issuance of insurance policies dated 29th May 2015.
CDSL Commodity Repository Limited (CCRL) allows the Farmer, Farmers Producer Organizations (FPOs), Manufacturers, etc., to obtain electronic warehouse receipts (negotiable or non-negotiable) [eNWRs or eNNWRs] in a demat account against deposit of commodities in any of the warehouses registered with Warehousing Development and Regulatory Authority (WDRA).
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