President of Sebi Tuhin Kanta Pandey | Photo credit: PTI
The Bag Board and Exchange of India (Sebi) will not allow the general public interest to be committed to the commercial interest of market infrastructure institutes, President Tuhin Kanta Pandey said Thursday in the context of the offer of national actions.
In statements to the media outside the CII Corporate Governance Summit, Pandey said: “We will not allow the commercial interest to take over the general public interest, and the regulator ensures that.”
“Now, if you have something that is happening between NSE and BSE, the regulator will intervene and then bring an order,” Pandey added.
He explained that India has adopted a commercial or profit model for market institutions that can be temper and should be regulated. Every time the model conflicts with the public interest or becomes monopoly, the regulator will enter, he said.
Regarding the authorization of the OPI plans of NSE by Sebi, Pandey said that the problems are being discussed through an internal committee and resolved with NSE “as soon as possible.”
Some of these issues include the diversification of the compensation corporations of the exchanges of values, the salaries of the key management of NSses, the pending litigation and the technological conerns.
The Stock Exchange has recently sought the Non -object certificate of the regulator again to process with IPO, and the plans are in limbo during the right years.
Posted on April 17, 2025