The Securities and Exchange Board of India (SEBI) issued a circular to streamline the procedure for system-driven disclosures in the securities market. Under the new procedure, depositories will provide daily transaction data of promoters/promoter groups directly to stock exchanges for dissemination of disclosures, rather than going through registrar and share transfer agents. Depositories and stock exchanges must make arrangements so that disclosures of promoter/promoter group transactions beyond threshold limits can be disseminated on their websites starting January 02, 2017 according to the modified procedure. Other requirements of SEBI's previous circular on this topic remain in force.