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Sebi mulls collective issue of orders, not via a single officer

Will increase the quality of orders and ensure different perspectives are taken into account

Sebi mulls collective issue of orders, not via a single officer

In a bid to improve accountability and ensure every order is looked upon as a regulatory action, the Securities and Exchange Board of India (Sebi) might get its orders passed by a panel. Currently, orders are passed by a single officer from one department. “To make orders a collective responsibility of the regulator and to prevent one officer from being singled out, we are mulling to have a panel to pass orders,” said a source. Another source says this would increase the quality of orders and ensure different perspectives are taken into account while issuing these. ...