India, Feb. 19 -- In a bid to create a safe and secure trading environment for investors, markets regulator Securities Exchange Board of India (SEBI) has released a consultation paper on implementing new technological measures to prevent unauthorised transactions in investors' demat account.

In its proposed framework, SEBI has suggested an authentication mechanism that requires the stock broking or trading applications to recognise a user's unique client code (UCC), along with SIM and mobile devices.

The suggested method to access trading accounts is similar to UPI payment applications where the UPI application recognises SIM along with mobile device and bank account details to carry out transactions.

Under the proposed framework, a mo...