SEBI is going to comprehensively review the listing regulation or Listing Obligation and Disclosure Regulations (LODR) by simplifying regulations, removing redundant parts of regulations and filing the gaps, if any, said SEBI Chairman Tuhin Kanta Pandey. On November 7, Pandey said at CNBC- TV18 Global Leadership Summit in Mumbai, “We are soon going to take up a similar comprehensive review exercise for LODR 2015 and settlement regulations”. He further stated, “The comprehensive reviews of stockbroker and mutual fund regulations are underway”.
SEBI is working to review the settlement regulations to become more transparent and relevant as voices were raised against uniformity in settlement process and lack of clarity on penalties imposed.
Recently, SEBI has floated a discussion paper on comprehensive review of Mutual Fund Regulations, consultation paper for Stock Broker regulations is already out both the proposals may be taken to the SEBI board meeting next month, if consultation process is complete.
Pandey said that SEBI’s regulatory stance of optimum regulation is aligned towards making Indian markets future-ready. He said, “We believe in smarter and forward-looking regulations”. Pandey said, in past few months, several reforms have been taken for ease of doing business with due regard to risk management.
Pandey concluded with saying, “SEBI’s regulatory stance is clear. We are first and foremost the guardian of trust in our markets. But we are also a facilitator of capital formation, enabling both investors and enterprises to participate with confidence and with ease of doing business”.
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