Rumour Verification System

Safeguarding Market Integrity in the age of rapid information with real time MPM Triggers, AI based Mainstream Media Search and Filing option.

Why Choose proCS?

proCS RVS, a solution designed to assist listed entities in verifying market rumours and ensuring compliance with SEBI’s Regulation 30(11) under the LODR Regulations. In today’s dynamic financial environment, maintaining transparency and upholding credibility are critical for success. Our Software & services offer comprehensive support in meeting these regulatory obligations efficiently by providing an end-to-end solution to capture real-time MPM triggers with configurable alerts and notifications via e-mail, SMS, and WhatsApp. The inbuilt AI algorithm of proCS RMS helps search news across various mainstream media outlets, and upon identifying specific rumors, it assists in preparing disclosures in the formats prescribed by SEBI.

With proCS system your organization can effectively track and address all necessary regulatory obligations, ensuring timely disclosures and reducing the risk of penalties. Whether it’s addressing market rumours or adhering to critical regulations, our solutions help you stay ahead of regulatory changes and maintain seamless operations.

Key features of the proCS Rumour Verification System

Material Price Movement Triggers

Automated tracking of MPM across exchanges (NSE/BSE). Alerts triggered by deviations beyond predefined thresholds. Notifications sent via:

Email: Detailed reports with price analytics.

WhatsApp/SMS: Instant alerts for executive decision-making.

Comprehensive News Coverage Integration

Monitoring rumours across digital, print, and news media platforms, including social media handles and news channels. Keyword-based tracking of the company, subsidiaries, products, and executives. Centralized dashboard displaying aggregated media coverage for easy review.

AI-Based Suggestive Filing for SEBI Compliance Tools

Rumour Classification: AI categorizes rumours as Specific or General based on algorithms.

Filing Templates: Auto-generation of SEBI filing drafts with suggested language for disclosure (as per predefined template provided in regulations).

Geo-Location Tagging for Enhanced Media Monitoring

Data Collection: Real-time integration with NSE/BSE data feeds, news APIs, and media monitoring platforms.

Processing: AI and ML algorithms for rumour verification classification and materiality assessment.

User Interface: Role-based access to dashboards, alerts, and filing tools.

Scalability: Cloud-based infrastructure ensuring robust performance and scalability.

SEBI Notification

SEBI had vide notification dated May 17, 2024, amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) inter alia requiring listed entities to confirm, deny or clarify market rumour upon material price movement. Vide this amendment, SEBI has changed the trigger point of responding to market rumour from "material events reported in mainstream media" to "happening of material pric movement". The said requirement will be applicable to top 100 listed entities with effect from June 01, 2024, and to top 250 listed entities with effect from December 01, 2024.

Link for more info: https://rb.gy/pukbun

Data Collection

Real-time integration with NSE/BSE data feeds, news APIs, and media monitoring platforms.

Processing

AI and ML algorithms for rumour verification, classification, and materiality assessment.

User Interface

Role-based access to dashboards, alerts, and filing tools.

Scalability

Cloud-based infrastructure ensuring robust performance and scalability.

Benefits

Regulatory Compliance

Simplifies adherence to SEBI's requirements under Regulation 30(11) of SEBI LODR.

Reputation Protection

Timely rumour management mitigates reputational risks.

Informed Decision Making

Real-time insights for swift and strategic responses.

Operational Efficiency

Automation reduces manual effort and errors.

Get in Touch

For more information on how we can help your organization comply with SEBI’s market rumour verification regulations, please email us at contact@pro-cs.in

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