Page 2 - Tuhin Kanta Pandey

Sebi chief urges public interest directors to strengthen MII governance

Markets regulator Sebi chairman Tuhin Kanta Pandey on Wednesday called on public interest directors (PIDs) to ensure that the "public interest" perspective remains central to all key decisions taken by the governing boards of market infrastructure institutions (MIIs). Speaking at the Public Interest Directors Conclave 2025, Pandey emphasised that MIIs must ensure all interventions made by PIDs during board meetings are appropriately recorded. Describing PIDs as "custodians of trust" within the MII ecosystem, he said, "Your role is fiduciary, moral, and institutional. You are not there merely to tick a compliance checkbox". The Sebi chief urged PIDs to exercise their independence while assessing the adequacy of financial and human resources for functions falling under verticals 1 and 2. He advised them to hold separate meetings without management or key managerial personnel (KMPs) to discuss critical governance and operational issues. Under Sebi's framework, vertical 1 covers critic

Sebi developing tools to curb fraudulent trades: Tuhin Kanta Pandey

Regulator to float consultation papers on MIIs guidelines, easier KYC for NRIs

Sebi preparing action plan for quantum-safe computing: Tuhin Kanta Pandey

Chairman Tuhin Kanta Pandey says quantum advances could break today's encryption; Sebi aims password protection, stronger AI oversight, and fraud prevention

Infrastructure sector needs more institutional investments: Sebi chief

Diverse pool of participants will help improve liquidity in infra securities, says Tuhin Kanta Pandey

Sebi eases IPO dilution rules, extends MPS timeline to help big listings

The regulator also approved an easier onboarding of FPIs

Sebi board likely to relax rules for MFs, large IPO, FPIs in Friday meet

The regulator may allow MFs to expand business, ease IPO dilution norms, simplify FPI rules and tighten governance of MIIs at its September 12 board meeting

Sebi chair calls for stricter internal controls by banks on insider trading

SEBI chief urges banks to tighten controls, safeguard UPSI, and enforce strict insider trading compliance with zero tolerance on breaches

Sebi chairman urges caution over micro-cap stocks, calls for transparency

Sebi Chairman Tuhin Kanta Pandey urges mutual funds to exercise caution when investing in micro-cap stocks and bespoke deals, highlighting risks beyond investment

Sebi to offer extra incentives for first-time women investors in MFs

To encourage greater participation of women in mutual funds, markets regulator Sebi is planning to introduce additional incentives for investments by first-time female investors, its chief Tuhin Kanta Pandey said on Friday. "Financial inclusion will remain incomplete unless women are equally represented," Pandey said at an event organised by the Association of Mutual Funds in India (Amfi). "...We are thus also envisaging to introduce an additional distribution incentive for investments from first-time women investors," he added. He said that Sebi is taking a series of measures to facilitate and encourage the industry, and one such recent proposal is to incentivise distributors for investments from first-time individual investors in B30 cities (tier 2 and tier 3 cities). The move will not only bring new participants into the fold but also extend the reach of mutual funds into underrepresented regions, contributing to deeper financial inclusion. Also, to provide greater flexibility

Sebi plans longer-tenor derivative products: Chairman Tuhin Kanta Pandey

Sebi chairman Tuhin Kanta Pandey said the regulator will consult stakeholders on extending the tenor of derivatives and hinted at a pilot project for regulated pre-IPO trading

True test of independent directors lies in their integrity, not box-ticking

Despite India's robust regulatory framework -strengthened by the 2013 Companies Act and Sebi's listing regulations - the chairman identified a troubling gap between structure and spirit

Sebi chief Pandey calls for stronger defence against cyberattacks

Tuhin Kanta Pandey calls for constant vigilance, cyber drills, and strong internal safeguards to protect exchanges and investors from escalating online threats

Not just 'friendly critics': Independent directors need more accountability

This era of the sinecure may be changing, however, with Sebi and the courts increasingly holding independent directors liable for corporate malfeasance

Building bridges anew: RBI, banks must fine-tune board roles in governance

The developments at IndusInd Bank have led RBI's senior supervisory managers (SSMs) to take a closer look at bank boards, including the agenda presented, the time spent discussing specific items

Dissent, don't be honorary appointees: Sebi chief to independent directors

Sebi Chairman urges independent directors to evolve from passive critics to active stewards, highlighting AI, ESG, and whistle-blower oversight as urgent board priorities

Independent directors must be stewards of accountability: Sebi chief

Sebi chief Tuhin Kanta Pandey underlined the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, and individuals outside familiar networks

Sebi chief urges redefining independent directors' role for accountability

Capital markets regulator Sebi chief Tuhin Kanta Pandey on Friday called for redefining the role of independent directors, emphasising that they must be regarded and treated as stewards of accountability. "We cannot continue to view them as honorary appointees or friendly critics. They must be viewed and treated as stewards of accountability," Pandey said while addressing the 2025 Annual Directors' Conclave. According to him, this transformation requires a change in multiple areas. Independent directors must feel free to dissent and be well-versed in emerging risks such as AI governance, cyber threats, and ESG disclosures. Their orientation should be ongoing, rather than limited to a one-time induction. Pandey stressed the need for broader diversity in board composition, drawing talent from varied sectors, younger professionals, regional voices, and individuals outside familiar networks. "A board that never disagrees is not aligned - it's asleep. Divergent views, when rooted in ...

Sebi chief Tuhin Kanta Pandey denies ban on weekly options expiry

Sebi Chairman Tuhin Kanta Pandey rejects reports of ending weekly options expiries, says reforms in derivatives will undergo full market consultation before adoption

Sebi chairman Tuhin Kanta Pandey commits to combat financial fraud

Sebi Chairman Tuhin Kanta Pandey stresses importance of early fraud detection and warns auditors and directors against merely ticking boxes for compliance, underlining need for more robust measures

Sebi to tighten derivatives surveillance after Jane Street crackdown

Sebi Chairman Tuhin Kanta Pandey says action against Jane Street was a surveillance matter and signals enhanced oversight of high-frequency traders and market behaviour