SEBI to review delisting process, insider trading norms in December meeting: Madhabi Puri Buch

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Madhabi Puri Buch said addressing an event organised by industry body Ficci. The Sebi chairperson mentioned that it is widely believed that Sebi is "very dogmatic about insider trading" but the market regulator has taken steps and initiated consultations to relook the norms around insider trading. She also added that to drive regulations, Sebi is using data and backtesting the data.

The chairperson stressed that no regulation will come out sans data and its analysis. Madhabi Puri Buch mentioned that the regulatory body is embracing a more interactive strategy for formulating regulations within the rapidly changing market environment. She highlighted that, of the 167 circulars released last year, approximately one-third underwent public consultations.

The chairperson provided insights into the most recent SEBI status report, underscoring essential aspects like data administration and openness within the financial markets. “Transparency is very important to build trust in the market, no one disputes the need for transparency. There are many questions about how to implement transparency.