SEBI chief calls for better compliance to 'foster trust'

IN the first public address after the Hindenburg allegations of conflicts of interest in relation to the Adani group probe, SEBI chairperson Madhabi Puri Buch has called for a "better compliance" from market infrastructure participants and industry players to "foster trust".

Addressing the global fintech summit here on Thursday she said in a social environment where there is an imbalance of power between large corporations, institutions and small investors, compliance helps protect the small investors.

"Our ultimate objective is that for every entity we regulate, compliance should simply be a low hum in the background. It's like breathing.