SEBI to come up with rules to prevent broker terminal misuse, says chairman Pandey
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sebi chairman Tuhin Kanta Pandey said on Saturday that the regulator will introduce rules to prevent the misuse of broker trading terminals.
- ✓He also plans to start a graded compliance system for brokers.
- ✓Pandey added, "We are developing a framework to put in place safeguards to prevent misuse of terminals."
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Markets regulator Sebi will be coming up with rules to avoid misuse of trading terminals put up by brokers, chairman Tuhin Kanta Pandey said on Saturday.
"We are developing a framework to put in place safeguards to prevent misuse of trading terminals," Pandey said, addressing an event organised by ANMI here.
Apart from this, Sebi is also mulling to introduce a "graded compliance" system for brokers which will reflect their scale, client exposure and reliance on technology, Pandey said.
Sebi is also exploring an AI (artificial intelligence) sandbox, where new tools can be tested safely, Pandey said, adding that innovators need to be provided with regulatory clarity.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.