Chairman of Securities and Exchange Board of India (SEBI) U K Sinha on Thursday said that the securities market regulator is all set to formulate a new set of rules, to ensure protection of investors' interests.
"We are going to make it more and more difficult and we are going to ensure that timely disclosures are made and the quality of disclosure is improving. If it doesn't improve, resultant actions will follow. Consultation is almost over. Very soon, we are going to announce them," he said while speaking on the sidelines of an event organized by industry body PHD Chamber of Commerce and Industry.
He further said that SEBI is very alert to protect the interest of the investors who are working in the platform of SEBI regulatory exchanges, and assured that it would not be compromised.
"I would like to assure all of you that SEBI is very alert that interests of investors, who are working on the platform of SEBI regulations, is not compromised and is protected.
"Whatever is required for that purpose, SEBI is alert and we are going to act," he said here.
Sinha emphasised that the regulator would take "timely action" when there are cases of violation of SEBI rules.
