India's Data Protection Rules Require Parental Consent; SEBI Fines Broker Rs 9 Lakh for 1,103 Dependent Children Accounts

India's Digital Personal Data Protection Rules (DPDP) have introduced new provisions requiring parental consent for processing the data of minors. The rules aim to enhance the protection of children's data, with tech solutions being explored to verify the age of users. Notably, the Securities and Exchange Board of India (SEBI) has fined a stock broker Rs 9 lakh for a breach involving 1,103 accounts that were incorrectly labeled as 'dependent children,' raising concerns about the accuracy of client classifications. The incident highlights the importance of compliance with the new data protection regulations, which also include using state family IDs and Apaar for verifying guardians in data processing.