This move by Sebi is followed by one of the budget announcements in the Union Budget FY2023-24 stating, “to simplify, ease and reduce cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations
Security and Exchange Board of India (SEBI) constituted working groups to recommend simplification of various regulations. It has also invited suggestions towards simplifying, easing and reducing cost of compliance from the public and regulated entities.
There are 16 working groups currently reviewing the compliance requirements under various Sebi Regulations that apply to various regulated entities, such as equity and debt listed companies, mutual funds, stock brokers, alternative investment funds, REITs/InvITs, portfolio managers, custodians, investment advisers, research analysts, etc., under the auspices of its standing advisory committees.
This move by Sebi is followed by one of the budget announcements in the Union Budget FY2023-24 stating, “to simplify, ease and reduce cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations. For this, they will consider suggestions from public and regulated entities.”