Mumbai, March 7 (IANS). SEBI chairman Tuhin Kant Pandey said on Friday that the capital market regulator aims to improve efficiency and transparency for the safety of investors with the support of technology.
Speaking at a media event, Pandey said, “SEBI is constantly taking measures to reduce the risk in the system to protect investors. The purpose of these reforms is to improve the efficiency and transparency in the market. For this, the regulator is also using technology on a large scale.”
He further said that the market is continuously working to raise awareness about regulatory investors. People need to be made aware about risk and balance between wealth management and both, leaving them to know how to allocate their capital in both equity and date areas.
Pandey further said, “A conscious investor is safe. SEBI’s effort in the coming days will have to create awareness between the two existing and potential investors.”
The SEBI chairman said that domestic investors are playing a big role in strengthening the market, but the regulator also wants to support foreign investment.
Pandey also said that SEBI’s goal is not “maximum regulation” but “optimal regulation” for monitoring markets.
Pandey further said that to improve the functioning of capital markets, it is not necessary to make large-scale improvements, but small improvements can also be important.
He further said that in the coming time, SEBI will adopt the correct mixture of both to achieve this purpose.
Additionally, he said that the number of unique investors in SEBI ecosystem has increased to 13.6 crore, which was 4.9 crore in March 2020.
-IANS
ABS/
