SEBI looking to safeguard interest of small investors
Updated: Jan 06, 2014 05:54:22pm
Jaipur, Jan 6 (KNN) The Securities and Exchange Board of India has opened 16 offices in India with an aim to educate and protect investors, especially the small investors.
Chairman, Securities and Exchange Board of India (SEBI) U K Sinha announced this today at the National Conference on ‘New Initiatives – Investor Protection and Investor Education,’ held here today.
Sinha who inaugurated a big and modern office here also highlighted that looking to safeguard the interest of small investors and overall market place, Securities and Exchange Board of India (SEBI) has identified a greater oversight mechanism on insider trading and a stronger risk management framework as among key focus areas for 2014, according to a press release.
Further, many new categories of persons, including public servants, regulatory officials, judiciary and government officials dealing with unpublished price-sensitive information are being brought under the purview of insider trading.
At the same time, SEBI Chairman said, new norms would also seek to clearly differentiate between 'innocent mistakes' and genuine transactions of company executives from the unlawful and serious trading offences.
In his welcome address Chairman, Capital Market Committee, PHD Chamber, Prithvi Haldea highlighted that the corporate systems and processes need to be credible and transparent, so that the interests of the investors may be safeguarded in a manner that enables them to exercise their choice in an informed manner while making investment decisions.
Also present on the occasion was Secretary General, Rajasthan Chamber of Commerce and Industry, K. L. Jain who in his special address presented the industry perspective and highlighted the need for companies to ensure proper and healthy market operation so that investors could exercise their exit options in a reasonable and equitable environment.
He added that in situations where such a frame work is distorted through frauds, there should be provisions for compensation by companies being established in securing funds from investors. For this purpose lifting of corporate veil may be enabled by the law.
Meanwhile, Chairman JECRC University, O P Aggarwal stressed that law should ensure a disclosure regime that compels companies to disclose material information on a continuous, timely and equitable basis.
“Information should be disclosed when it is still relevant to the market. The companies should, therefore, be made to disclose routine information on a periodic basis and price sensitive information on a continuous basis,” Aggarwal said.
In his special address on Enhancing Investor Confidence Chief Regulatory Officer, BSE Ltd Nehal Vora highlighted that protecting the interest of the investors dealing in securities is one of the main objectives of BSE and that the capital market can grow only when investors find it safe for them to invest and they are assured that the rules governing the market are fair and just to all the players. (KNN/ES)
Chairman, Securities and Exchange Board of India (SEBI) U K Sinha announced this today at the National Conference on ‘New Initiatives – Investor Protection and Investor Education,’ held here today.
Sinha who inaugurated a big and modern office here also highlighted that looking to safeguard the interest of small investors and overall market place, Securities and Exchange Board of India (SEBI) has identified a greater oversight mechanism on insider trading and a stronger risk management framework as among key focus areas for 2014, according to a press release.
Further, many new categories of persons, including public servants, regulatory officials, judiciary and government officials dealing with unpublished price-sensitive information are being brought under the purview of insider trading.
At the same time, SEBI Chairman said, new norms would also seek to clearly differentiate between 'innocent mistakes' and genuine transactions of company executives from the unlawful and serious trading offences.
In his welcome address Chairman, Capital Market Committee, PHD Chamber, Prithvi Haldea highlighted that the corporate systems and processes need to be credible and transparent, so that the interests of the investors may be safeguarded in a manner that enables them to exercise their choice in an informed manner while making investment decisions.
Also present on the occasion was Secretary General, Rajasthan Chamber of Commerce and Industry, K. L. Jain who in his special address presented the industry perspective and highlighted the need for companies to ensure proper and healthy market operation so that investors could exercise their exit options in a reasonable and equitable environment.
He added that in situations where such a frame work is distorted through frauds, there should be provisions for compensation by companies being established in securing funds from investors. For this purpose lifting of corporate veil may be enabled by the law.
Meanwhile, Chairman JECRC University, O P Aggarwal stressed that law should ensure a disclosure regime that compels companies to disclose material information on a continuous, timely and equitable basis.
“Information should be disclosed when it is still relevant to the market. The companies should, therefore, be made to disclose routine information on a periodic basis and price sensitive information on a continuous basis,” Aggarwal said.
In his special address on Enhancing Investor Confidence Chief Regulatory Officer, BSE Ltd Nehal Vora highlighted that protecting the interest of the investors dealing in securities is one of the main objectives of BSE and that the capital market can grow only when investors find it safe for them to invest and they are assured that the rules governing the market are fair and just to all the players. (KNN/ES)
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