Currently, offering documents are typically voluminous and packed with detailed information about various aspects of an issuing company.To address this, Pandey had last month stated that the contents of the offer document summary for IPO-bound companies would be further streamlined to make them more accessible and useful to investors.
Addressing CII’s Southern Region in Chennai, Pandey reiterated this view, noting, “We propose to rationalize and simplify the offer document summary, which should be made available separately to investors, thereby encouraging informed feedback and reducing dependence on unverified tips.”
Moreover, he said a comprehensive review of Sebi’s regulations – covering stockbrokers, mutual funds, settlements and LODR (listing and disclosure requirements) rules – is currently underway with an aim to eliminate redundancy and update outdated structures.
He further noted that the master circular for the stock exchanges will be consolidated, simplified and rationalized chapter by chapter in the coming months for greater clarity and better business conduct.
Pandey emphasized the need for an ‘optimal regulation’ approach – fewer, smarter regulations that increase efficiency without compromising investor protection or market integrity.
He added that Sebi will consult widely with stakeholders to ensure balanced outcomes, emphasizing that co-created frameworks are essential for maintaining trust as the capital market grows.
Pandey also outlined Sebi’s continued focus on deepening the corporate bond market. He said a comprehensive awareness program is needed to attract private participation in bonds. Apart from this, the development of both agricultural and non-agri commodity markets remains a top priority for the regulator.
On the technology front, he said Sebi aims to provide faster and more efficient FPI (Foreign Portfolio Investors) registration through fully digital, paperless workflows, with the aim of reducing registration timelines from months to days. Relaxing KYC requirements for NRI investors is also high on the agenda.
Moreover, Pandey said technology will continue to be central to Sebi’s efforts, whether it is strengthening market infrastructure institutions, enhancing surveillance and monitoring through SupTech and RegTech, or supporting innovation, onboarding and investor outreach through fintech and AI.
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