Page 3 - Tuhin Kanta Pandey

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

Zero tolerance for market manipulation: Sebi chief on Jane Street case

Sebi chairman Tuhin Kanta Pandey on Saturday made it clear that market manipulation is not going to be tolerated. Speaking with reporters a day after an interim order against New York-based hedge fund manager Jane Street, Pandey said surveillance has been increased both by the regulator and also at the exchange level. When asked if similar patterns have been seen with other foreign portfolio investors as well, Pandey said, "All what I can say that market manipulation is not going to be tolerated". He was speaking on the sidelines of an event organised by the Bombay Chartered Accountants Society.

Sebi to unbundle clearing and trading fees to boost transparency

Sebi forms working group to examine separation of clearing and trading fees, aiming to improve transparency, ensure CC sustainability and address governance issues

More relaxations on cards in Tuhin Kanta Pandey's second Sebi board meet

FPIs investing g-secs to get easier; voluntary delisting for low-float PSUs; facilitating co-investments in AIFs

Sebi bans IndusInd Bank ex-CEO, 4 others from trading in securities market

Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies

NSE seeks Sebi nod to move weekly index expiry from Thursday to Tuesday

NSE proposes shifting weekly index derivative expiry to Tuesday from Thursday as Sebi moves to standardise expiries and curb volatility

NSE IPO: Sebi chairman says all outstanding issues will be resolved soon

Sebi chief Tuhin Kanta Pandey on Thursday exuded confidence that all outstanding issues in the NSE (National Stock Exchange) IPO will be resolved soon. The NSE's IPO proposal has been pending with the Securities and Exchange Board of India (Sebi) as the regulator has certain concerns. Sebi's concerns include the compensation given to key management personnel, technology and the majority ownership in Clearing Corporation, among others. "All the outstanding issues will be resolved and we will move forward...NSE and Sebi are talking, they are resolving the issues and I'm very hopeful, it will be cleared and will move forward," Pandey told reporters at an event organised by Assocham. Asked when the issues would be resolved, he said ," Can't give a timeline but we should be soon doing it". The bourse has restarted its listing process by applying for a No Objection Certificate (NOC) at the Securities and Exchange Board of India (Sebi). It can be noted that NSE's IPO plans have been st

Sebi chief seeks feedback from industry on easing regulatory norms

Sebi Chairman Tuhin Kanta Pandey held discussions with over 50 MDs and CEOs to gather feedback on easing business norms and enhancing capital market efficiency

Sebi working to set up centralised KYC system: Tuhin Kanta Pandey

Markets regulator Sebi is actively working with the Ministry of Finance and other financial regulators on setting up a centralised KYC (Know Your Customer) system, chairman Tuhin Kanta Pandey has said. The Central KYC is an online database that maintains KYC records of customers in a centralised manner, aiming to streamline compliance across financial institutions. When asked about the common KYC system, Pandey told PTI, "Yes, I think we will move forward on that also. We're really trying to have a system which will be very, very effective." He added that the finance secretary is chairing the committee responsible for this initiative, and efforts are underway to expedite the process. While no definitive timeline was shared, Pandey expressed optimism, saying, "It should be done quite early." To illustrate the effectiveness of current systems, he cited the robust KRA (KYC Registration Agency) system. "This system is right now very effective where you do one KYC and then, everywhere

IFSCA, NISM collaborate to advance capacity building in financial sector

The International Financial Services Centres Authority (IFSCA) and the National Institute of Securities Markets (NISM) on Friday inked a pact to advance capacity building in the financial sector. As part of the agreement, NISM will act as a training partner for IFSCA and the various intermediaries registered with IFSCA, the markets regulator Sebi said in a statement. Also, NISM, a public trust established by Sebi, will conduct relevant certification examinations, including certification examinations mandated under the IFSCA Regulations, for the intermediaries registered with IFSCA. These skill development, professional training and certification programmes will ensure that the highest professional standards are maintained in the IFSCA ecosystem. "With a proven track record of over a decade, NISM is uniquely positioned to support the needs arising out of the burgeoning growth being seen at IFSCA," the regulator said. This Memorandum of Understanding (MOU) will be mutually benefici