Financial Information Provider (FIP) are institutions that hold user data like Depositories , Banks, NBFCs.
FIPs can share customer’s financial information with Financial Information User (FIU) via requests through an Account Aggregator.
ACCOUNT AGGREGATOR is the connector between Financial Information User (FIU) and Financial Information Provider (FIP). The main purpose is to provide transparent information to users.
SEBI vide its Circular SEBI/HO/MRD/DCAP/P/CIR/2022/110 dated August 19, 2022 has allowed depositories to participate as FIP in the AA Ecosystem
CDSL is enabled as “LIVE” on the Account Aggregator Ecosystem as FIP.
CDSL FIP through the following Account Aggregators will share the information about securities held in the CDSL demat account with the customers and Financial Information Users (FIUs) once the consent is given by customer
CDSL based on a simple consent given by the Customer on their Account Aggregator handle will provide depository related Data to the FIU.
Financial Information User (FIU) can request for data from the Financial Information User (FIP) based on a simple consent given by the Customer on their Account Aggregator handle.
To know more about FIP: https://sahamati.org.in/financial-information-provider-fip/
Queries regarding the FIP process may be sent to [email protected] or connect on (022) 2305 - 8730 / 8798 / 8768 / 8735 / 8682 / 8754.