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Informist, Thursday, Aug. 27, 2026

 

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--SEBI chair: To make SOP to manage settlements on unscheduled holidays
--CONTEXT: SEBI Chairman Tuhin Kanta Pandey speaking at an event in Mumbai
--SEBI chair: Working on rationalising some periodic filings
--SEBI chair: Not looking at any changes to closing auction session
--SEBI chair: Think people will understand closing auction, participate more
--SEBI chair: Close to approving NSE IPO

 

MUMBAI – The Securities and Exchange Board of India is not looking to make any changes to the newly introduced closing auction session in the cash market and the system will continue, Chairman Tuhin Kanta Pandey said at the sidelines of an event here Thursday. Pandey expects participation in the auction to increase gradually as investors learn how the new system works.

 

The SEBI chairman's comments come amid criticism around the closing auction session, which has led to volatility in the cash market. Thursday, the Nifty 50 ended at 24090.85 points after the closing auction, down around 40 points from the level at the end of the continuous trading session at 1515 IST.

 

Talking about the highly-anticipated listing of the National Stock Exchange of India Ltd., Pandey said SEBI is close to approving the exchange's initial public offering. The NSE had filed its listing papers in June with plans to sell nearly 149 million shares through an offer for sale.

 

SEBI will make a standard operating procedure for clearing corporations for operational activities related to settlement on unscheduled holidays, Pandey said in his speech at an event in Mumbai. For clearing corporations, the regulator also plans to rationalise some periodic filings and simplify processes further. The regulator is also considering a proposal to rationalise margin for transactions following acceptance of early pay-in of securities in the cash segment, Pandey said.

 

Pandey advised market participants to work towards safeguarding against future risks. "Risk can no longer be understood only by looking at individual institutions," he said. "Artificial intelligence adds another dimension. It can improve surveillance, risk analytics and decision-making. At the same time, it can introduce risks related to opaque models, data, governance, and operations. We must move from entity-level risk management to network-level and system-wide risk management."  End

 

Reported by Anshul Choudhary

Edited by Rajeev Pai

 

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