Sebi to probe MCX outages, relax broker rules: Pandey

SECURITIES AND EXCHANGE Board of India (Sebi) Chairman Tuhin Kanta Pandey on Tuesday expressed his displeasure at recurring episodes of outages at exchanges. He said the regulator will take action after studying the issue.

- NESIL STANEY

Speaking to reporters at the Morningstar Investor Summit, he said, “There was an issue during July, and now another (referring to the breakdown at the MCX). It’s not right that such problems are happening again and again.”

He empasised that the market regulator’s standard operating procedure has specified that action will be taken in case of such incidents.

Among other issues, he said Sebi is also reviewing the stockbroker regulations 1992 to make those more relevant, simple, and streamlined. It is taking initiatives for simplifying compliance, rationalising regulations and easing investor access to make markets more efficient, transparent and inclusive.