Sebi aims to lower cost of capital, ease compliance burden, says chairman Tuhin Kanta Pandey

In a recent address, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey emphasized the regulatory body's commitment to reducing the cost of capital for businesses and streamlining compliance processes. This initiative comes in the wake of a disruption in settlements between India’s two primary depositories, which raised concerns about operational efficiency. Pandey indicated that vendors may be required to upgrade their systems or modify outdated software to enhance reliability and performance. The chairman's remarks reflect SEBI's ongoing efforts to foster a more robust financial ecosystem in India, which is vital for attracting investments and supporting economic growth. By implementing these changes, SEBI aims to improve the overall market infrastructure, making it more conducive for businesses while ensuring investor protection and confidence in the financial system.