Chapter V — INFORMATION UTILITIES

Section 214Obligations of information utility

Section 214: Obligations of information utility

214. Obligations of information utility

For the purposes of providing core services to any person, every information utility shall—

(a)

create and store financial information in a universally accessible format;

(b)

accept electronic submissions of financial information from persons who are under obligations to submit financial information under sub-section (1) of section 215, in such form and manner as may be specified by regulations;

(c)

accept, in specified form and manner, electronic submissions of financial information from persons who intend to submit such information;

(d)

meet such minimum service quality standards as may be specified by regulations;

(e)

get the information received from various persons authenticated by all concerned parties before storing such information;

(f)

provide access to the financial information stored by it to any person who intends to access such information in such manner as may be specified by regulations;

(g)

publish such statistical information as may be specified by regulations;

(h)

have inter-operatability with other information utilities.