SEBI Chief pitches for optimum over maximum regulation

SEBI's new Chief aims for optimum regulation, engaging stakeholders, promoting investor participation, and positioning India as a global investment hub.

Securities and Exchange Board of India’s (SEBI) new Chief Tuhin Kanta Pandey, expressed the regulators’ interest in doing away with “redundant and outdated” statutes to ensure ”optimum regulation” at an event in Mumbai.

“Capital market is a dynamic space so change is imminent but we will certainly not be looking for maximum regulation but for optimum regulation”, Mr.Pandey said. This is the first public speech since the beginning. He further said that he was looking forward to engage with stakeholders to discuss ways to encourage voluntary compliance.

Speaking about the recent foreign investor selling, he assured that SEBI would be ready to engage with FPI and AIF industries to “address their difficulties and further rationalize regulations to promote ease of operation “, he said. He further underlined the strong economic fundamentals of India and its ability to attract global investments.

He underlined the initiatives and facilitation of new products like low-value SIPs, Small and Medium REITS and Specialised Investment Funds of the market regulator to promote investor participation, among others. While speaking about investor participation, he also stated that investor awareness and education were very crucial. “SEBI’s effort in the days ahead is to create awareness among both existing and prospective investors,” he said

“There will be difficulties, ups and downs, but India’s economic and capital market growth is on a strong trajectory, backed by policy support, structural reforms, and rising investor participation. With a thriving securities market playing a pivotal role in economic acceleration, India is well-positioned to remain a global investment hub and a key driver of the 21st-century economy” he said.