Sebi Chairperson Madhabi Puri Buch on Monday said the capital markets regulator is looking to introduce an entirely new architecture where the industry evolves ways to implement rules.
It also announced a review of the delisting process and promised to come out with a consultation paper by December, wherein the intent is to make it easier for companies to undertake such moves, Buch said.
On the new architecture for regulations, Buch said Sebi has frequently received feedback wherein participants find it difficult to implement the regulations that it has announced, which is leading it to experiment with this pilot project.
This will be like a regulatory sandbox, Buch said, maintaining that the system will be used for prospective regulations and can also be used for existing ones if the industry comes up with specific challenges.
She also made it clear that none of the regulations will be on hold.
“It is a mechanism to assist the industry to implement the regulations. It is not a ro
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