‘CAS here to stay’: Sebi chief Pandey says auction system won’t be rolled back
Sebi chairman Tuhin Kanta Pandey confirmed that the new Closing Auction Session (CAS) will remain in place despite criticism from some market participants. The regulator is currently reviewing feedback and considering minor improvements to the system to address user concerns.
Why it matters
The stability of market infrastructure is critical for investor confidence, and this decision signals the regulator's commitment to modernizing Indian financial markets.
Sebi chairman Tuhin Kanta Pandey on Monday said the regulator has no plans to roll back the recently introduced Closing Auction Session (CAS). However, the authority is reviewing concerns raised by market participants and considering whether the framework needs any improvements.Introduced on August 3 this year, CAS has drawn attention from some participants over issues they have faced with the new system, with several of the concerns also being raised on social media. Pandey said Sebi was examining the feedback but was not yet in a position to spell out any specific changes."'The CAS is here to stay for sure, only we will see if there are certain constraints or certain issues that we can improve, certainly we will improve," Pandey told reporters on the sidelines of a cybersecurity event organised at the Sebi-promoted National Institute of Securities Markets.The Sebi chief said the regulator was considering the suggestions received from…
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