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Informist, Thursday, May 22, 2025

 

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--SEBI Pandey: Retail investor participation risen sharply in last few years
--CONTEXT: SEBI Chairman Tuhin Kanta Pandey speaking at ASSOCHAM conference
--SEBI Pandey: Retail investor participation in India still lower than in US
--SEBI Pandey: Panel reviewing SEBI internal code of conduct has met twice
--SEBI Pandey: Panel reviewing code of conduct collating lot of data
--SEBI Pandey:Panel reviewing code of conduct meeting various stakeholders
--Pandey: SEBI will finalise view on bourses' F&O weekly expiry days soon
--BSE MD:Hardly 1,000 listed SMEs in India, count needs to rise in multiples
--CONTEXT: BSE MD Sundararaman Ramamurthy speaking at ASSOCHAM conference
--BSE MD: Some problematic SMEs have dampened investor sentiments

 

NEW DELHI – The high-level committee set up to comprehensively review the Securities and Exchange Board of India's code on managing conflicts of interest for its own members has met two times since its inception, the market regulator's Chairman Tuhin Kanta Pandey said on the sidelines of a capital market conference organised by the Associated Chambers of Commerce and Industry of India here on Thursday. Pandey said the committee is meeting various stakeholders and collecting lots of data.

 

SEBI had announced the constitution of the committee on Apr. 9. The SEBI chief is hopeful that the committee will submit its report to the market regulator within the three-month timeline. The committee has six members with former chief vigilance commissioner Pratyush Sinha as the chairman. Other members include Uday Kotak, founder and director, Kotak Mahindra Bank, and G. Mahalingam, former SEBI whole-time member.

 

The committee has also been asked to review the disclosure aspects in the code for the SEBI board members, including whether some of these disclosures should be made public. It will also explore ways to expand the scope of the code to other senior officials at SEBI.  

 

The markets regulator will soon finalise its view on the fixing of expiry days in equity derivatives by stock exchanges, Pandey said. SEBI had issued a consultation paper on Mar. 27 proposing that expiry days of all equity derivatives contracts of a stock exchange be uniformly limited to either Tuesday or Thursday in order to space out expiry days between exchanges and to avoid fixing of first or last day of the week as expiry day. SEBI had also proposed that exchanges seek its prior approval before launching or modifying the expiry day of any equity derivatives contract. 

 

Earlier in the day while speaking at the conference, Pandey said that while retail investor participation in the Indian stock market had almost tripled since 2018-19 (Apr-Mar), it was still lower than that in the US markets. He said there was a scope for expanding the reach and getting more retail investors to participate in the markets.

 

BSE Ltd. Managing Director and Chief Executive Officer Sundararaman Ramamurthy said at the conference that there were a few areas of improvement in the growth trajectory of capital markets. Ramamurthy said there were 60 million small and medium enterprises in the country and of these, the number of listed SMEs was "hardly 1,000." "Why not 6,000 (listed SMEs)?" Ramamurthy asked.

 

He said some problematic listed SMEs had dampened the investor sentiments. Recently, SEBI had taken action against a few listed SMEs and their promoters for violation of rules, including irregularities in financial statements.  End

 

Reported by Rajesh Gajra

Edited by Tanima Banerjee

 

 

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