SEBI Prioritizes Cost Reduction to Boost Market Competitiveness

• SEBI aims to reduce compliance burdens and regulatory costs to enhance the Indian securities market's competitiveness.
• SEBI Chairman Tuhin Kanta Pandey emphasized that high compliance costs hinder national competitive edge.
• A framework for regulatory impact assessment is being established, guided by a committee chaired by the Chief Economic Advisor.
• SEBI is launching a Centre for Regulatory Studies to research regulation impact and foster collaboration with policy schools.
• The regulator is working towards a consolidated statement for investors to access all financial assets across different regulators.