Compliance should become low hum in background: SEBI chief

Chandigarh/New Delhi, Aug 29

In a first public appearance since short-seller Hindenburg Report, the Securities and Exchange Board of India(SEBI) chief Madhabi Puri Buch today called for better compliance from market infrastructure participants and industry players to “foster trust.”

“The ultimate objective in SEBI is that for every entity that we regulate, compliance should simply be a low hum which goes on in the background, just like we breathe. The real capability of our entrepreneurs, industrialists and our entire economy is really focused on growing the country and growing and delivering services to its citizens,” Madhabi Puri Buch, Chairperson, Securities and Exchange Board of India (SEBI), said in her keynote address at Global Fintech Fest 2024 in Mumbai.

Buch said, “One other important role for us as regulators in the fintech world in encouraging innovation has been the creation of standards. We have a market ecosystem that has a lot of infrastructure, each different from the other.”