SEBI Working Groups on simplification, ease of compliance and reduction in cost of compliance
Capital markets regulator SEBI has constituted 16 working Groups to recommend on simplification of various rules, ease of compliance, and reduction in the cost of compliance. The move came following an announcement made in the Union Budget for FY 2023-24.
One of the Budget Announcements inthe Union Budget for FY 2023-24, was as follows:
“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........”
At present, 16 Working Groups, under the aegis of its standing advisory committees, are reviewing compliance requirements under various Sebi rules applicable for entities, including listed companies, mutual funds, stock brokers, alternative investment funds, REITs (real estate investment trusts), InvITs (infrastructure investment trusts), portfolio managers, custodians, investment advisers, and research analysts.
SEBI has sought suggestions from public and regulated entities till November 6 towards simplifying the rules.
