Will leverage tech to crack down on market manipulators, says SEBI chief, Pg10

Key Highlights:

• SEBI will use technology and AI to enhance surveillance against market manipulators and cyberfraudsters.
• SEBI rolled out 58 initiatives to ease business processes, 9 initiatives for investor-centric markets, and 4 changes to strengthen market intermediary regulations.
• SEBI Check, a tool within the UPI interface, helps investors identify registered intermediaries before payments.
• SARVAM, an AI company, collaborated with SEBI to reach 385,000 people via AI calls to promote the SEBI Check tool.
• SEBI is monitoring financial influencers and taking action against market manipulators like Avadhut Sathe and Jane Street.
• SEBI is exploring ways to rejuvenate the agri-commodities market and deepen the corporate bonds market.

Detailed Insights:

• SEBI aims for "optimum regulation" in the capital market, balancing integrity with stakeholder interests.
• The regulator introduced 13 measures to develop the capital market and 6 regulations to stabilize the equity derivatives segment.
• SEBI Check aims to curb fraudulent brokers by allowing investors to verify intermediaries before investing.
• SEBI emphasizes disciplined and long-term investing, cautioning against short-term speculation in options trading.
• SEBI is studying the impact of regulations scientifically, with a committee under Chief Economic Adviser V. Anantha Nageswaran.
• The regulator is confident in its high success rate in tribunal and Supreme Court cases, emphasizing principles of natural justice.

Key Concepts Involved:

• SEBI: The regulatory authority for securities markets in India, responsible for protecting investors and ensuring market integrity.
• UPI: An instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank transactions.
• AI: The simulation of human intelligence processes by computer systems, often used for automation and data analysis.