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Informist, Tuesday, Sept. 22, 2026

 

MUMBAI – Securities and Exchange Board of India Chairman Tuhin Kanta Pandey Tuesday said the market regulator has "successfully established the closing auction session as an important market structure reform" and is addressing concerns on settlement price for equity derivatives on expiry days and other related issues. Speaking at a conference organised by J.P. Morgan India Pvt. Ltd., Pandey said for SEBI the way ahead is to focus on easier access, deeper markets, and greater resilience.

 

According to the SEBI chief, simplified regulations must be matched by innovation among market intermediaries. "We are already seeing designated depository participants use digital workflows and API-based (application programming interface-based) integration to significantly reduce FPI (foreign portfolio investor) onboarding timelines," he said. The objective should be to make ease of access a feature of the system, not an exception, he said.

 

On the role of technology for critical market infrastructure institutions, including stock exchanges and clearing corporations, Pandey said technology changes how markets operate but this does not mean accountability and resilience can be outsourced. SEBI is getting these institutions to have stronger business-continuity and disaster-recovery arrangements and to extend information technology and cyber-security requirements to subsidiaries performing critical functions.

 

The next layer of depth and participation is needed for the corporate bond market, according to the SEBI chief. The market regulator is working towards developing a market-making framework for the corporate bond market, he said. This will include market infrastructure, liquidity, and repo access.

 

Additionally, SEBI is urging fixed-income channel partners to widen distribution through regulated online bond platforms, Pandey said. "Access (to corporate bond market) must widen, but understanding must widen with it," he said.  End

 

Reported by Rajesh Gajra

Edited by Rajeev Pai

 

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