SDD Software for Fiduciaries

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Fiduciaries — company secretaries, chartered accountants, law firms and advisers — who handle unpublished price sensitive information are themselves required to maintain a Structured Digital Database under Regulation 3(5) of the SEBI PIT Regulations. InsiderQ records every UPSI interaction with a time stamp and keeps separate, tamper-evident records for each client entity.

Who Are Fiduciaries Under SEBI Regulations?

According to SEBI, the following entities qualify as fiduciaries and must maintain SDD logs:

Fiduciaries play a vital role in handling confidential market information. To comply with SEBI’s PIT Regulations, every fiduciary must maintain a Structured Digital Database (SDD) that records Unpublished Price Sensitive Information (UPSI) in a tamper-evident and time-stamped format.

InsiderQ’s SDD Software helps fiduciaries stay compliant, organized, and audit-ready—without complex manual processes.

Under SEBI guidelines, fiduciaries include:

Asset Management Companies (AMCs)

Custodians of Securities

Insurance Companies

Investment Advisers

Law Firms & Legal Advisors

Practicing Chartered Accountants (CAs)

Practicing Company Secretaries (CSs)

Trustees of Trust Deeds

InsiderQ SDD Software – Built for Fiduciaries

UPSI Capture & Access Logs

UPSI Capture & Access Logs

Every UPSI interaction is captured with details such as source, recipient, purpose, and timestamp—aligned with SEBI mandates.

Digital Audit Trails

Digital Audit Trails

Track and retrieve historical records with ease. All logs are encrypted and tamper-evident, ensuring 100% integrity.

Custom Roles & Permissions

Custom Roles & Permissions

Control UPSI visibility across your firm with tailored access levels for partners, associates, analysts, and compliance officers.

SEBI-Compliant Reports

SEBI-Compliant Reports

Generate audit-ready reports instantly with SEBI-compliant formatting, reducing the risk of human error during regulatory reviews.

Multi-Client Management

Multi-Client Management

Designed for fiduciaries handling multiple listed companies—manage all UPSI records from a single intuitive dashboard.

Consequences of Non-Compliance

Banned from trading or holding stock market positions
Debarment from trading or holding key positions due to non-compliance
Penalty up to ₹25 Crores or three times the profit made due to non-compliance
Imprisonment for up to 10 years for violating compliance regulations

Penalties up to ₹25 Crores or 3x profit

Imprisonment up to 10 years

Debarment from trading or holding positions

Loss of credibility and investor trust

Why Fiduciaries Need SDD Software Now

InsiderQ’s SDD software ensures you meet every regulatory requirement with minimal
effort—and zero compromise on data security.

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Manual systems are risky:
They’re prone to errors, delays, and non-compliance.

Increasing regulatory scrutiny:
SEBI audits now demand real-time, tamper-evident UPSI logs.

Client expectations have evolved:
Listed clients expect their fiduciaries to be technologically adept and regulation-ready.

Ready to Stay SEBI Compliant?

See how InsiderQ can simspanlify your insider trading compliance processes—no obligation, just clarity.
Free Schedule Demo
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FAQ's SDD for Fiduciaries

Any professional who handles unpublished price sensitive information while advising or serving a listed entity — company secretaries in practice, chartered accountants, law firms, valuers, bankers and consultants. Regulation 3(5) is framed around the handling of UPSI rather than the type of firm, so the obligation follows the information.

No. The requirement attaches to handling UPSI, and receiving it is handling it. Your database has to record who passed the information to the firm, who inside the firm received it, and the nature of what was shared.

Yes. InsiderQ keeps a separate record set and separate reporting for each client entity inside one installation, and access is role-based, so a partner working on one engagement does not see another’s UPSI. Every access is written to the audit log.

No. SEBI does not certify, approve or empanel structured digital database software — for any vendor, and any claim to the contrary should be treated with suspicion. What is certified is the entity’s maintenance of the database, and since the exchanges’ circulars of 18 October 2024 that annual confirmation is issued by a Practising Company Secretary.
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Fiduciaries carry the same obligation.

Law firms, audit firms and secretarial practices maintain an SDD in their own right. Find out how yours scores.

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