SEBI chairman Tuhin Kanta Pandey met with around 50 industry leaders at a FICCI roundtable on Wednesday, inviting suggestions to ease and rationalise market regulations as part of the regulator’s broader push to ‘optimum regulation.’
Members of the Federation of Indian Chambers of Commerce & Industry (FICCI) made recommendations and explained the rationale for changes to regulatory frameworks, including the Listing Obligations and Disclosure Requirements (LODR), Issue of Capital and Disclosure Requirements (ICDR), fundraising norms, takeover rules, and merchant banking regulations, among others.
FICCI will also separately make written recommendations to the regulator in coming days, said a person aware of the discussions.
Pandey said that while SEBI is open to easing regulatory burdens, not all rules can or will be changed. The focus, he said, will be on addressing regulations that hinder business growth or operational efficiency — but without compromising market integrity or compliance standards.
Since the Chairman took the reins of SEBI two months ago, the focus has visibly shifted towards promoting ease of doing business with him indicating doing away with outdated regulations.