India’s market regulator approves long-short equity and debt funds for high-net-worth investors.
A gentleman is seen facing the emblem of the Securities and Exchange Board of India (SEBI) in the news released on Thursday by the regulatory body. SEBI has put forth a proposal to introduce a one-time registration process for securities market intermediaries. This move is aimed at streamlining the registration process and enhancing the ease of doing business in the securities market.
The proposal suggests the implementation of a centralized database containing information about registered intermediaries, which would eliminate the need for multiple registrations across various categories of intermediaries. This innovative approach aims to simplify the registration process, reduce duplication of efforts, and enhance transparency within the securities market.
Currently, intermediaries such as brokers, mutual funds, portfolio managers, and other market participants are required to undergo separate registration processes with SEBI, leading to redundant paperwork and administrative burden. By introducing a single registration process, SEBI aims to alleviate this regulatory burden and promote a more efficient and effective regulatory framework.
The proposed centralized database will allow market participants to update their information promptly and accurately, ensuring that SEBI has access to the latest data on registered intermediaries. This will enable SEBI to monitor and regulate intermediaries more effectively, leading to a more robust and transparent securities market.
SEBI’s initiative to streamline the registration process aligns with the Indian government’s larger agenda of promoting ease of doing business and enhancing regulatory efficiency. By simplifying the registration process for market intermediaries, SEBI aims to create a more conducive environment for market participants to operate in and attract greater investments in the securities market.
Market participants have welcomed SEBI’s proposal, recognizing the potential benefits it could bring to the securities market. By reducing the regulatory burden on intermediaries, the proposal is expected to make it easier for new players to enter the market and for existing players to expand their operations.
In conclusion, SEBI’s proposal to introduce a one-time registration process for securities market intermediaries is a positive step towards simplifying the regulatory framework and enhancing transparency in the securities market. By creating a centralized database and streamlining the registration process, SEBI aims to promote ease of doing business and attract greater investments in the securities market. This initiative reflects SEBI’s commitment to fostering a vibrant and transparent securities market in India.
