What is SEBI doing to increase competitiveness?

He said that if you want to build competitiveness, then the burden of compliance with the rules has to be reduced, otherwise its speed gets reduced. The regulator is therefore focusing on reducing the compliance burden and regulatory costs to enhance the competitiveness of the Indian securities market. Pandey said that it is not possible to estimate how much the country’s gross domestic product (GDP) will increase due to these efforts. But reducing the cost of capital remains our priority.

A framework for regulatory impact assessment is being prepared

• He said the market regulator is currently preparing a framework for regulatory impact assessment.




• This has also been indicated in the Union Budget.




• Taking forward this initiative of the government, SEBI is starting a Regulatory Study Centre.




• SEBI Chairman said that this will be a high level center which will work continuously and help in research.




• This initiative will help policy making institutions and researchers understand how regulations affect markets, as regulations always have an inherent cost.

What factors is SEBI considering?

He said all these topics are discussed at a Financial Stability and Development Council level. Giving information on this, he said, I think this is a complete process and coordination of inter-regulatory bodies is established through the Development Council. Also, ways to collect data, promote research and improve access and reduce its cost are being considered. Pandey said SEBI is also working on developing a system in which investors will be able to get details of all financial assets under different regulators, including pension and insurance products.