Govt to Use Risk, User Base for 'Significant Data Fiduciary' Tag, Signals Flexibility
Technology
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Moneycontrol•23-01-2026, 12:23
Govt to Use Risk, User Base for 'Significant Data Fiduciary' Tag, Signals Flexibility
- •The Centre will not use rigid definitions for "significant data fiduciaries" (SDFs), opting for a flexible, case-by-case assessment by a government committee.
- •The Digital Personal Data Protection Act, 2023, mandates stringent norms for SDFs to protect personal and sensitive data.
- •MeitY held a meeting with digital platforms on January 22 and plans further consultations to finalize criteria.
- •Parameters like user numbers for social media and data sensitivity for payments/health platforms will determine SDF status.
- •The government is considering shortening compliance timelines for large tech companies (12 months) while giving startups a longer runway, a move expected to face resistance.
Why It Matters: Government adopts a flexible, consultative approach to identify 'significant data fiduciaries' based on risk and user base.
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