Sebi plans curbs on terminal misuse, graded compliance for market intermediaries
The Securities and Exchange Board of India (Sebi) is developing new regulations to prevent the misuse of trading terminals and implement graded compliance for brokers. The regulator is also focusing on AI safety, cybersecurity, and expanding the corporate bond market.
Why it matters
These measures aim to enhance market integrity and protect investors as financial markets become increasingly digitized.
NEW DELHI: Market regulator Sebi is planning measures to prevent the misuse of brokers' trading terminals while also considering different compliance requirements for brokers based on their size, clients and use of technology.Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey announced the plans on Saturday at the 16th ANMI International Capital Market Convention in Mumbai. He also spoke about improving cybersecurity, testing artificial intelligence (AI) tools safely and boosting trading in corporate bonds."We are developing a framework to put in place safeguards to prevent misuse of trading terminals," Pandey said at the event organised by the Association of National Exchanges Members of India (ANMI).Under the proposed system, compliance rules would vary according to the size of a brokerage firm, its clients and its dependence on technology.
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