Daijiworld Media Network – Mumbai
Mumbai, Apr 26: Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Saturday said the coming years will require not just regulation, but also greater vision and insight to effectively manage evolving market dynamics.
Addressing the 38th foundation day of Sebi, Pandey emphasised the need for a broader approach to governance and oversight.
“The coming years will demand not just regulation, but vision. Not just oversight, but insight. And not just individual effort, but collective commitment,” he said.
Outlining the regulator’s future priorities, Pandey said Sebi will focus on rationalising regulations, strengthening governance and risk management frameworks, and investing in technology-driven oversight mechanisms.
He also urged market participants to go beyond mere compliance and uphold principles of fairness, integrity and innovation. Investors, he said, must remain informed and responsible in their approach.
Pandey noted that India’s securities market has shown resilience despite global uncertainties, supported by sustained institution-building, sound regulation and strong market frameworks.
He highlighted that the market currently has over 5,900 listed companies and more than 140 million unique investors, reflecting growing confidence among participants.
Over the past decade, market capitalisation has grown at an annual rate of around 15 per cent, while mutual fund assets have expanded at over 20 per cent, he added.
Referring to the sector’s evolution, Pandey said the transition from open outcry systems to technology-driven platforms, along with reforms such as dematerialisation, rolling settlements, improved corporate governance and robust risk management, has significantly strengthened the ecosystem.
He stressed that as markets become more dynamic, it is crucial to ensure that innovation does not outpace safeguards and that growth remains sustainable with adequate investor awareness.
The Sebi chief added that the regulator has undertaken wide-ranging reforms over the past year to simplify regulations, remove ambiguities, improve ease of doing business and enhance investor protection.