On March 1, Tuzhin Kanta Pandey took over as Chairman of the Indian Securities and Exchange Council. He assumed the position when the market collides with many challenges, foreign institutional investors more than 2 of October 2.
In Interview Financial Express:Pandey spoke about the optimization of the SEBI regulations, the newly interested parties of the conflict and its thoughts on direct investments directly to foreign individuals. Here are the main points of his interview.
1) SEBI regulation
SebI President Tuhyan said to Canant Pand that the financial regulator expects to reconsider its old decades. He said that SEBI aims to speed up this process after consulting all stakeholders in the next three months. “We have three seats that are European protection, market and regulations. We need to look equally.
2) on the instructions on the conflict
Pandey said the guidelines for the conflict would be good for SEBI. “The issues of conflict have two parts: the level of disclosures related to your investments, property or other things. The second level of interest in the interests is in the specified space. So we have to have proper guidance and in what way?
3) about whether foreigners will be allowed to invest in the Indian section market
SEBI President said that foreigners can now be registered and come through foreign portfolio contributors (FPI) or FPI. “Yes, there are some ideas whether they can be as an individual. They are being investigated, “he said.
4) on the influx of new investors in the future and options market
According to Pand, despite the ticket size, a number of people, especially from the younger generation, are trying their luck in the F & O market. They need to be aware of the adhesion of market and risk measurement meters. Sebi has already published a report on derivative trade, which says 90% of those investors lost money.
5) on a common KYC
Pandey emphasized the importance of the General Kyc, which he said, “is highly desirable.” He added that Sebi works with RBI to achieve it.
