SEBI Encourages Investors To Use CeFCoM Platform For Paying Advisers, Research Analysts

Mumbai: Markets regulator SEBI encourages traders to pay charges to their funding advisers and analysis analysts during the Centralized Fee Collection Mechanism (CeFCoM). In a remark on Thursday, SEBI stated that CeFCoM is a protected and clear cost ecosystem evolved to make sure that traders pay charges best to SEBI-registered funding advisers and analysis analysts. This mechanism is not obligatory.

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

Through CeFCoM, traders will pay charges the usage of more than one cost modes similar to Net Banking, Debit Card, UPI/UPI Autopay, IMPS/NEFT/RTGS, eNACH, Cheque, and Credit Cards. As of June 10, 2025, traders have paid over ₹5 crore in charges via CeFCoM, SEBI said.

On Wednesday, the Securities and Exchange Board of India (SEBI) introduced the release of a brand new device, ‘SEBI Check’, to validate UPI handles and registered financial institution accounts, making sure protected bills by means of traders. The “Validated UPI Handles” and “SEBI Check” equipment purpose to reinforce investor coverage and fight deepfakes and cyber fraud. Investors can test whether or not a UPI deal with or checking account is registered prior to making any cost by the use of ‘SEBI Check’.

Investors can authenticate UPI IDs both by means of scanning a QR code or by means of manually getting into the UPI ID. For financial institution verification, they may be able to verify the checking account quantity and Indian Financial System Code (IFSC) of a registered middleman.

The core of this new framework is a compulsory, structured UPI deal with for intermediaries, composed of a user-friendly title adopted by means of a singular deal with. For example, the username shall be a readable title selected by means of the middleman, adopted by means of a suffix that obviously signifies their class—similar to ‘brk’ for a inventory dealer or ‘mf’ for a mutual fund.

A legitimate deal with will come with a singular and unique identifier, “@valid”, blended with the title of the self-certified syndicate financial institution. These validated handles shall be completely issued by means of the National Payments Corporation of India (NPCI) for charge assortment by means of SEBI-registered intermediaries.

‘SEBI Check’ shall be to be had to traders beginning October 1, 2025.

SEBI Chairman Tuhin Kanta Pandey stated, “In recent years, unregistered entities have increasingly misled investors by collecting funds without authorization, often siphoning off the money for personal gain. This new framework is designed to proactively curb such fraudulent activities, allowing investors to easily identify legitimate SEBI-registered market intermediaries and make payments to them securely and efficiently.”

To deal with cyber frauds, deepfakes, and impersonation, SEBI said that this new device will spice up investor self assurance by means of enabling them to ensure whether or not an middleman requesting finances is registered. The SEBI Chairman added, “This innovative mechanism is set to significantly improve the safety and accessibility of financial transactions in the securities market by providing a verified and secure payment channel.”

He additionally discussed that SEBI will collaborate with on-line app shops to make sure best validated apps for cost are displayed.