Tuhin Kanta Pandey

The regulator is also finalising responsible AI guidelines, developing graded broker compliance norms and working on measures to improve capital efficiency and supervision

Sebi seeks to include insurance and bank deposit details in consolidated account statements to give investors a comprehensive view of their financial assets

The regulator is also working to simplify digital onboarding for persons resident outside India (PROIs), allowing them to access Indian markets without requiring their physical presence

Project Jagrook will take financial literacy to rural areas and educational institutions, while cautioning investors against anonymous tips and exaggerated return claims

Market regulator Sebi is examining position limits for non-agricultural contracts to improve liquidity and depth without weakening risk controls, its chairman Tuhin Kanta Pandey said on Saturday. Speaking about reforms in the commodity derivatives market, Pandey said the market design should allow contracts to gain scale. In some agricultural commodities, physical settlement from the outset can impede market development, and a phased approach could allow contracts to mature before physical settlement becomes mandatory. He said Sebi has completed consultations on the matter and guidelines will follow. The regulator is also working to reduce structural friction in commodity markets, including engaging with stakeholders on GST-related issues affecting participants who give or receive commodities through exchange platforms. Pandey said technology should serve the specific needs of commodity markets, which include producers, commercial users, farmers, processors and physical ...

Market regulator Sebi will soon issue a framework on proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper, its Chairman Tuhin Kanta Pandey said on Saturday. The Securities and Exchange Board of India (Sebi) had sought public comments on its proposal to review certain aspects of the CAS, market timings and the settlement methodology for derivative contracts. The deadline for submitting comments is October 3. Asked when the final framework or circular on CAS can be expected, Pandey said the regulator would quickly examine the responses and move ahead with the process. "Today is the last date, and we will actually quickly look at all these comments and go ahead, because I think our proposals are quite clear," Pandey said at an event organised by CPAI (Commodity & Capital Market Participants Association of India). The regulator would not require much time to compile and analyse the responses as the proposals

Regulators are working to make FPI registration faster and digital, streamline KYC and facilitate bond indices as foreign investor access to Indian markets expands

Sebi chairman says that banks and capital markets are not competing destinations in the financial ecosystem

Sebi is working on simpler digital onboarding, wider FPI participation in commodity derivatives and depository receipts against units of REITs and InvITs

Says AI can help the regulator shift to 'proactive' monitoring from 'periodic' monitoring; Sebi is also set to propose changes to the closing auction framework

Tuhin Kanta Pandey says Sebi is close to approving NSE's IPO documents; regulator is also working on rationalising settlement, margin and risk-management provisions

Brokers updating their systems to show indicative pricing, allow after-market orders

The regulator will review trading lots, market making, underwriting and migration rules for SMEs, while proposed AI guidelines will impose clear responsibility on regulated entities

Sebi is also looking to support global fund management activity from India, Pandey said

Sebi chairman Tuhin Kanta Pandey said on Monday, at sidelines of a symposium on cyber security, that the regulator will soon come up with a consultation paper on SLBM, in its efforts to stabilise CAS

Sebi chairman Tuhin Kanta Pandey said the new closing auction session is here to stay, while the regulator plans a consultation paper on securities lending and borrowing reforms

The regulator is also considering wider FPI access, simpler settlement rules and lower participation costs while retaining safeguards in the commodity derivatives market

The closing auction is a separate 20-min session introduced in which exchanges collect buy and sell orders to determine a stock's closing price at a level where the maximum volume can be executed

Chairman Tuhin Kanta Pandey said Sebi will revamp the securities lending framework, launch the Sebi Setu portal and roll out a single-window clearance system

He emphasised on trust in terms of fairness, reliability on disclosures, and the confidence that everyone in the markets plays by the same rules