SEBI Plans Measures To Reduce Compliance Burden & Regulatory Costs, Says Chairman Tuhin Kanta Pandey

The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said the regulator is working to lower compliance costs and improve efficiency in the securities market.

Speaking at an event organised by SEBI and the National Institute of Securities Markets (NISM), Pandey said the cost of capital needs to come down and that regulatory measures must focus on cost efficiency. He noted that compliance involves time and expense and that reducing this burden can improve access to finance for productive sectors. SEBI is also developing a framework to assess the impact of regulations to ensure efficiency in implementation.

On the recent technical glitch in the inter-depository transfer system at the National Securities Depository Limited (NSDL), Pandey said SEBI has sought a root-cause analysis report. The findings will be reviewed by the technical advisory committee. He said settlement backlogs were cleared over the weekend, and systems have been functioning normally since Monday.