Capital market regulator Securities and Exchange Board of India (Sebi) is likely to appoint a vendor for the implementation of its comprehensive reporting, filing and dissemination system, Super-D by June this year, a senior official said.
"We have already received Expressions of Interest from a host of bidders. Now we are preparing Request for Proposals to be issued to the shortlisted bidders for the implementation of Sebi Unified Platform for Electronic Reporting-Dissemination (SUPER-D)," a senior Sebi official told PTI on condition of anonymity.
Sebi received a good response to the global bids, which it invited last year, the official said, adding, "in all likelihood, we will select the bidder by June".
The regulator plans to set up the platform for filing of information reports in XBRL (Extensible Business Reporting Language) by listed entities, registered intermediaries and other entities, not limited to regulatory filing requirements in terms of the Listing Agreement and various Sebi regulations/guidelines.
Currently, there are 4,996 listed companies, 20 stock exchanges, 1,730 registered foreign institutional investors, besides several thousands of intermediaries.