Sebi chairman Tuhin Kanta Pandey on Saturday mentioned that the market regulator would ‘weed out’ outdated insurance policies and rationalise essential ones.
Sebi chairperson Tuhin Kanta Pandey.(Reuters)
Tuhin Kanta Pandey made the remarks whereas addressing the Mint India Funding Summit & Awards 2025.
“SEBI will weed out these (insurance policies) which might be outdated and rationalise these that could be essential,” Pandey said.
“ This will be consistent with our objective of achieving optimum regulation and creating ease of doing business by reducing compliance burden and the cost of regulation,” he added.
The Sebi chief also said that the market regulator is taking all possible steps to raise funds in the markets without delay.
“SEBI prescribes norms for issuers of securities to ensure that funds are raised without delay and deployed efficiently,” Pandey said, according to Mint. “Internally, SEBI is utilizing expertise, together with synthetic intelligence, to make sure that the fundraising paperwork are cleared as quick as doable with out compromising on disclosures.”
On imposing laws
Tuhin Kanta Pandey additionally spoke about imposing laws.
He mentioned that Sebi would implement laws to “determine” misconduct amongst market individuals and urged them to conform voluntarily with them.
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“SEBI has to enforce these regulations to determine misconduct on the part of market participants. This enforcement is carried out through a judicious mix of off-site supervision and on-site and thematic inspections,” he mentioned.
“As part of off-site supervision, SEBI will develop uniform compliance standards in consultation with SEBI,” the markets regulator chief added.
Tuhin Kanta Pandey additionally shared that officers at Sebi monitor social media posts to detect suspicious buying and selling patterns.
“Market intelligence in the form of investor complaints as well as posts on social media also form an important part of SEBI’s surveillance mechanism,” he advised the gathering, in line with Mint.
“We’re additionally repeatedly collaborating with different regulators and with legislation enforcement businesses for pooling of data with a purpose to take extra knowledgeable enforcement actions,” he added.