SEBI Encourages Buyers To Use CeFCoM Platform For Paying Advisers, Analysis Analysts | Economic system Information

Mumbai: Markets regulator SEBI encourages buyers to pay charges to their funding advisers and analysis analysts by the Centralized Charge Assortment Mechanism (CeFCoM). In an announcement on Thursday, SEBI mentioned that CeFCoM is a safe and clear fee ecosystem developed to make sure that buyers pay charges solely to SEBI-registered funding advisers and analysis analysts. This mechanism is non-obligatory.

CeFCoM helps distinguish registered funding advisers and analysis analysts from unregistered entities posing as such. It has been operational since October 1, 2024, and is managed by BSE Ltd. in affiliation with MF Utilities India Pvt. Ltd.

By means of CeFCoM, buyers pays charges utilizing a number of fee modes resembling Web Banking, Debit Card, UPI/UPI Autopay, IMPS/NEFT/RTGS, eNACH, Cheque, and Credit score Playing cards. As of June 10, 2025, buyers have paid over ₹5 crore in charges by CeFCoM, SEBI acknowledged.

On Wednesday, the Securities and Trade Board of India (SEBI) introduced the launch of a brand new software, ‘SEBI Test’, to validate UPI handles and registered financial institution accounts, making certain safe funds by buyers. The “Validated UPI Handles” and “SEBI Test” instruments purpose to boost investor safety and fight deepfakes and cyber fraud. Buyers can confirm whether or not a UPI deal with or checking account is registered earlier than making any fee through ‘SEBI Test’.

Buyers can authenticate UPI IDs both by scanning a QR code or by manually getting into the UPI ID. For financial institution verification, they’ll affirm the checking account quantity and Indian Monetary System Code (IFSC) of a registered middleman.

The core of this new framework is a compulsory, structured UPI handle for intermediaries, composed of a user-friendly identify adopted by a novel deal with. As an example, the username can be a readable identify chosen by the middleman, adopted by a suffix that clearly signifies their class—resembling ‘brk’ for a inventory dealer or ‘mf’ for a mutual fund.

A sound deal with will embrace a novel and unique identifier, “@legitimate”, mixed with the identify of the self-certified syndicate financial institution. These validated handles can be solely issued by the Nationwide Funds Company of India (NPCI) for charge assortment by SEBI-registered intermediaries.

‘SEBI Test’ can be out there to buyers beginning October 1, 2025.

SEBI Chairman Tuhin Kanta Pandey mentioned, “In recent times, unregistered entities have more and more misled buyers by accumulating funds with out authorization, usually siphoning off the cash for private achieve. This new framework is designed to proactively curb such fraudulent actions, permitting buyers to simply determine legit SEBI-registered market intermediaries and make funds to them securely and effectively.”

To handle cyber frauds, deepfakes, and impersonation, SEBI acknowledged that this new software will increase investor confidence by enabling them to confirm whether or not an middleman asking for funds is registered. The SEBI Chairman added, “This revolutionary mechanism is about to considerably enhance the protection and accessibility of monetary transactions within the securities market by offering a verified and safe fee channel.”

He additionally talked about that SEBI will collaborate with on-line app shops to make sure solely validated apps for fee are displayed.