Sebi sets up panels to ease compliance process

Sebi sets up panels to ease compliance process

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MUMBAI: Markets regulator Sebi has formed 16 groups to suggest ways to simplify the compliance process by regulated entities which will help in reducing costs.
Sebi has now asked regulators, market players and the general public to send in their suggestions as to how these objectives could be attained. The last date for sending in suggestions is November 6, a Sebi release said.
One of the Budget announcements (this year) was to simplify, ease and reduce costs of compliance. Financial sector regulators were requested to carry out a comprehensive review of existing regulations for which they were to consider suggestions from the public and regulated entities, the Sebi release said.
“Following the Budget announcement, Sebi has constituted working groups to recommend simplification of various regulations. The working groups will also look into the compliance requirements to enhance ease of compliance and reduction in cost of compliance.”
At present, 16 working groups, under the aegis of its standing advisory committees are reviewing compliance requirements under various Sebi regulations applicable for regulated entities, such as equity and debt listed by various companies, mutual funds, stock brokers, alternative investment funds, REITs/InvITs, portfolio managers, research analysts etc, the release noted.


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