Business EconomyPosted at: Sep 13 2022 6:30PM


Trust, transparency & disclosure key imperatives for capital markets: SEBI Chairperson

Mumbai, Sep 13 (UNI) Chairperson, SEBI Madhabi Puri Buch, on Tuesday highlighted that the role of SEBI is to facilitate capital formation and nation building is done by corporates and businesses.
Ms Buch also said SEBI is fully appreciative of opportunities in India, and it is through technology that the country can achieve its goal.
“We will rely on and be led by data. Every single policy that SEBI brings out today is backed by data,” added Ms Buch.
Addressing the 19th Annual Capital Markets Conference ‘CAPAM 2022’, organized by FICCI, SEBI Chairperson emphasized on the need for more transparency. “At SEBI, we follow a disclosure-based regime. This is our fundamental regulatory approach. We believe we exist for the capital formation of the economy. Unless trust in the system is protected, we will fail in our core objective. One of the most important aspects of trust building is transparency. This is the important mantra for SEBI,” she added.
To achieve the goal of SEBI, Ms Buch stated, “Technology is the magic bullet and with technology, it is possible to reduce cost, serve the customer better, have better control and compliances.” She further highlighted that the repository of all knowledge resides in the market. “We must therefore have a consultative approach. There is nothing behind closed doors. We will continue to be committed to the process of consultation and the industry will have to keep up with the pace of SEBI regulations,” added Ms Buch.
She also urged the industry for more partnerships. “We need to manifest the spirit of partnership between SEBI and industry. Every action at SEBI is contingent on data and will be taken after recommendations from the advisory committee,” emphasized SEBI Chairperson.
Ashish Kumar Chauhan, MD & CEO, NSE said NSE is committed to follow and implement the agenda set by SEBI to enhance the capital formation in the markets. “We will work to increase the trust of people in the stock market by using technology and creating a stronger bond and capital market,” he added.
Nehal Vora, MD & CEO, CDSL said India is at the cusp of a digital revolution and the road ahead for market embodies the ethos which include technology which will build trust and transparency. “Regulators and market infrastructure institutions are collectively building a capital market ecosystem 'captech' which is a combination of fintech, ‘RegTech’ and is going to build transparency and trust in the system,” he added.
Vijay Chandok, Co-Chair, FICCI National Committee on Capital Markets and MD & CEO, ICICI Securities said the launch of ‘RegTech’ an initiative by FICCI today is a milestone for corporate Indian towards compliances.
SEBI Chairperson also launched FICCI’s ‘RegTech’ initiative in partnership with TeamLease RegTech to facilitate end-to-end automation of SEBI compliances. This will digitize compliance for companies to stay on the right side of the law.
The initiative is a state-of-the-art technology solution is built to transform compliance across organizations. It allows tracking of over 2000 SEBI compliances and auto generation of select SEBI disclosures. Additionally, the platform has other features like end-to-end board meeting management, compliance document management, and generation of compliance calendars.
UNI JS SY SHK1826
Please log in to get detailed story.
Tags: #Trust# transparency & disclosure key imperatives for capital markets: SEBI Chairperson
More News

Bajaj Finance posts strong FY25, net profit rises 17 pc

29 Apr 2025 | 10:30 PM

Mumbai, Apr 29 (UNI) Bajaj Finance Ltd capped off FY25 with a robust financial performance, reporting a 17% year-on-year rise in consolidated net profit to Rs 4,480 crore for the March quarter.

see more..

SDHI, Wheel & Time ink MoU for India’s 1st integrated F A S T logistics ecosystem for heavy fabrication

29 Apr 2025 | 10:24 PM

Mumbai, Apr 29 (UNI) Swan Defence and Heavy Industries Limited (SDHI) on Tuesday signed a strategic memorandum of understanding (MoU) with Wheel & Time Shipping Transport Logistics, to launch India’s first integrated F.A.S.T. (Fabrication, Assembly, Storage, and Transportation) commercial logistics ecosystem at its state-of-the-art shipyard in Pipavav, Gujarat.

see more..

IndusInd Bank’s CEO Sumanth resigns due to ongoing ‘derivatives' discussion

29 Apr 2025 | 8:31 PM

Hyderabad/ Mumbai, Apr 29 (UNI) A day after the resignation of Induslnd bank’s Deputy CEO Arun Khurana in the wake of accounting lapses costing Rs 1,960 crore in the fiscal ended March 2025 to the lender, IndusInd Bank’s CEO Sumanth Kathpalia has also resigned with immediate effect on Tuesday.

see more..

Netradyne partners with Eminent Transit

29 Apr 2025 | 8:01 PM

Bengaluru, Apr 29 (UNI) AI-powered fleet safety solutions provider Netradyne on Tuesday said it expects to achieve profitability within this calendar year, even as it announced a strategic partnership with corporate transport leader Eminent Transit to scale adoption of its advanced safety technology across India.

see more..

RenewBury announces foray into auto loan segment with RB Wheelz

29 Apr 2025 | 7:45 PM

Hyderabad, Apr 29 (UNI) Leading Insurtech RenewBuy on Tuesday announced its foray into the auto loan segment with RB Wheelz.

see more..