Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has said that the market regulator will issue further clarification on Tuesday and Thursday expiry days within this month, following internal consultations and an analysis of public feedback.
“Right now, whatever framework is in place remains and we will be issuing—post the consultation paper and after analysing the comments received and committee meetings—further clarification soon, within this month,” Pandey stated.
He added that the two expiry days are fixed for now. While no changes have been made yet, further updates are expected shortly.
“There is no change in the current thing, but what changes may come that we will let you know in a few days,” Pandey explained.
Addressing concerns around the derivatives scam involving IndusInd Bank, Pandey indicated SEBI’s limited jurisdiction.
“Wherever SEBI has to do in relation to whatever SEBI’s remit is, SEBI is doing.”
“It is the RBI’s remit so far as banks are concerned. But if there are any egregious violations by anyone in its capacity, that SEBI is looking into.”
Speaking on the long-awaited NSE IPO, the SEBI chief expressed optimism.
“All the outstanding issues will be resolved and we will move forward. It should be soon — can’t give a timeline. NSE and SEBI are talking and resolving the issues. I am very hopeful it will be cleared and we will move forward”, the market regulator said.
Pandey also clarified on crypto assets. With the US Securities and Exchange Commission (SEC) changing its stance on crypto, there has been an expectation that SEBI too might come out with regulations.
“A policy call has to be taken by the government. Crypto as such is not a security at the moment under SEBI regulations.”
Regarding a possible settlement scheme for commodity brokers involved in the NSEL scam, Pandey responded in the affirmative.
“Yes, I think we are working on it and that will be through soon.”
The SEBI chief earlier said the number of unique investors in the securities market has almost tripled since March 2019 to reach over 13 crore now, but there is still a huge potential to expand this further. He also quoted industry estimates saying around one-third of Gen Z investors are already participating in the equities market.
“Right now, whatever framework is in place remains and we will be issuing—post the consultation paper and after analysing the comments received and committee meetings—further clarification soon, within this month,” Pandey stated.
He added that the two expiry days are fixed for now. While no changes have been made yet, further updates are expected shortly.
“There is no change in the current thing, but what changes may come that we will let you know in a few days,” Pandey explained.
Addressing concerns around the derivatives scam involving IndusInd Bank, Pandey indicated SEBI’s limited jurisdiction.
“Wherever SEBI has to do in relation to whatever SEBI’s remit is, SEBI is doing.”
“It is the RBI’s remit so far as banks are concerned. But if there are any egregious violations by anyone in its capacity, that SEBI is looking into.”
Speaking on the long-awaited NSE IPO, the SEBI chief expressed optimism.
“All the outstanding issues will be resolved and we will move forward. It should be soon — can’t give a timeline. NSE and SEBI are talking and resolving the issues. I am very hopeful it will be cleared and we will move forward”, the market regulator said.
Pandey also clarified on crypto assets. With the US Securities and Exchange Commission (SEC) changing its stance on crypto, there has been an expectation that SEBI too might come out with regulations.
“A policy call has to be taken by the government. Crypto as such is not a security at the moment under SEBI regulations.”
Regarding a possible settlement scheme for commodity brokers involved in the NSEL scam, Pandey responded in the affirmative.
“Yes, I think we are working on it and that will be through soon.”
The SEBI chief earlier said the number of unique investors in the securities market has almost tripled since March 2019 to reach over 13 crore now, but there is still a huge potential to expand this further. He also quoted industry estimates saying around one-third of Gen Z investors are already participating in the equities market.
(Edited by : Ajay Vaishnav)
First Published: May 22, 2025 4:06 PM IST
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