Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), on Thursday called for better compliance from market infrastructure participants and industry players to "foster trust".
Speaking at the Global Fintech Fest in Mumbai, Puri Buch also advocated for greater technology adoption and lowcost innovation, which the regulator is also embracing. She added that the market regulator has received over 6,000 responses on its seven-point proposals to curb speculation in the futures and options of indices.
The Sebi Chair said the regulator is using technology to analyse public feedback and conduct extensive consultations. Members of the committee reviewing the norms have indicated that the regulator might bring the final circular on the matter before its board meeting scheduled for September. Sources said that the exchanges have submitted their feedback and are not in favour of two of the regulator's proposals.
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