14 hours Ago
In an exclusive interview with CNBC-TV18, SEBI Chairman Tuhin Kanta Pandey admitted that the market regulator may be over-regulating in some areas and stressed the need to simplify and re-evaluate several rules in light of changing contexts and technological progress. “I think SEBI is over-regulating,” Pandey said, candidly acknowledging that there are many areas where regulations could be made simpler. “Regulations are contextual in nature — and in some of them, the context has changed.
” He pointed out that advances in technology now allow for more intelligent and targeted regulatory approaches. “Many times, a better way of regulation is possible because you have better technology now,” he said. Drawing a distinction between rule-making and implementation, Pandey noted, “SEBI can’t be in everyone’s boardroom.
” He emphasised the need to focus oversight on areas of higher risk instead of adopting a one-size-fits-all approach. Also Read: ‘Disclosure norms for employees and board need updating,’ says SEBI chair Pandey “Are our rules too much tick-boxing?” he asked, calling for a move towards more meaningful checks that can effectively flag false disclosures at an early stage. “When you seek too much information, you have to process too much information,” he cautioned.
Describing the ongoing review of SEBI’s regulatory framework as a form of “Diwali-cleaning,” Pandey credited his predecessors for routinely updating the rulebook. “All our staff are engaged and energised into relooking rules,” he said, underlining a larger effort to make SEBI a “smarter regulator.”.
