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SEBI may get powers to track call data records of entities

SEBI will be given the powers to get call data records through amendments in the Indian Telegraph Rules, 1951

July 01, 2013 9:06 IST | India Infoline News Service
Market regulator Securities and Exchange Board of India (SEBI) will soon be given powers to access telephone call data records (CDRs) of entities under its investigation in cases of insider trading, money laundering and other market manipulations.

The regulator will be given the powers to get CDRs, access to emails and SMSes through amendments in the Indian Telegraph Rules, 1951.

At present,
ministries of home, finance and telecom are working on the same.

An official order in this respect will be issued after the Union Cabinet gives its consent to the proposal.

CDRs usually list out the number of conversations between two or more parties and are different from phone-tapping wherein an agency can record telephonic conversations of those suspected to be engaged in manipulation.



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