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With the aim to enhance cyber security, market regulator SEBI is looking to put in place a new set of guidelines, wherein fingerprint or eye-scan will be required for stock trading through mobile applications.
The market watchdog has sought comments from the market participants such as brokers, traders and stock exchanges in this regard, and a final regulation will be put in place after taking into account views of all the stakeholders, regulatory sources said.
In case of applications installed on smartphones and tablets, traders and retail investors may need biometric authentication to buy and sell stocks, according to the SEBI proposal.
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