Mumbai: At SEBI, we follow a disclosure-based regime. This is our fundamental regulatory approach. We believe we exist for the capital formation of the economy. Unless trust in the system is protected, we will fail in our core objective. One of the most important aspects of trust building is transparency. This is the important mantra for SEBI. This was stated by Madhabi Puri Buch, Chairperson, SEBI, while addressing 19th Annual Capital Markets Conference ‘CAPAM 2022’ organized by FICCI here recently.

Buch highlighted that the role of SEBI is to facilitate capital formation and nation building is done by corporate and businesses. SEBI is fully appreciative of opportunities in India, and it is through technology that the country can achieve its goal. We will rely on and be led by data. Every single policy that SEBI brings out today is backed by data,” added Buch.

To achieve the goal of SEBI, Buch stated: “Technology is the magic bullet and with technology, it is possible to reduce cost, serve the customer better, and have better control and compliances.” She further highlighted that the repository of all knowledge resides in the market. “We must therefore have a consultative approach. There is nothing behind closed doors. We will continue to be committed to the process of consultation and the industry will have to keep up with the pace of SEBI regulations,” added Buch.

Ashish Kumar Chauhan, MD and CEO, NSE, said that the NSE is committed to following and implementing the agenda set by SEBI to enhance the capital formation in the markets. “We will work to increase the trust of people in the stock market by using technology and creating a stronger bond and capital market,” he added.

Nehal Vora, MD and CEO, CDSL, said that India is at the cusp of a digital revolution and the road ahead for the market embodies the ethos, which include technology which will build trust and transparency. “Regulators and market infrastructure institutions are collectively building a capital market ecosystem 'captech' which is a combination of Fintech, ‘RegTech’ and is going to build transparency and trust in the system,” he added.

Sunil Sanghai, Chairman, FICCI National Committee on Capital Markets and CEO, NovaaOne Capital, said that FICCI is committed to facilitating dialogue between industry participants and the policymakers. He further highlighted the five ‘Pranas’ for capital markets which include financialization of the country, development of the private market, addition to the banking sector, bringing in more asset classes through digitization and unified regulations. /BI/