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SEBI establishes panels that assist with compliance
The Securities and Exchange Board of India (SEBI) has organised 16 groups to recommend procedures to improve the compliance process for regulated companies, resulting in reduced expenses.
SEBI recently advised regulators, market players, and the general public to come up with suggestions regarding how to accomplish these objectives. According to SEBI’s press release, the last day for giving suggestions will be November 6.
One of the goals of this year’s Budget announcement was to make compliance easier, simpler, and considerably less expensive. According to the SEBI announcement, financial sector regulators were entrusted with conducting a thorough assessment of present regulations, and they were encouraged to collect opinions from both the public and regulated firms.
Within SEBI’s standing advisory committees, 16 working groups are now in operation. According to the statement, these groups are investigating the compliance requirements found in various SEBI regulations that apply to regulated entities such as companies with equity and debt listings, mutual funds, stockbrokers, alternative investment funds, REITs/InvITs, portfolio managers, research analysts, and others.