CAS norms here to stay, may tweak if needed, says Pandey

PTI mumbai

Securities and Exchange Board of India Chairman Tuhin Kanta Pandey on Monday made it clear that the recently introduced Closing Auction Session framework is here to stay, and the capital markets regulator is analysing feedback to understand if improvements can be made on issues faced by stakeholders.

Pandey declined to immediately specify exact tweaks to the Closing Auction Session, which came into effect from Aug 3 this year, and has led some participants to point out shortcomings, especially on social media platforms.

"The Closing Auction Session is here to stay for sure, only we will see if there are certain constraints or certain issues that we can improve, certainly we will improve," Pandey told reporters on the sidelines of a cybersecurity event arranged at the Securities and Exchange Board of India-promoted National Institute of Securities Markets on the outskirts of the financial capital.  

‘Cybersecurity now also board room issue, need caution in AI deployment’

Cybersecurity is no longer only an IT-related challenge but also a board-level issue, Sebi Chairman Tuhin Kanta Pandey said on Monday, cautioning that proper care should be taken while deploying artificial intelligence in critical infrastructure.

Pandey underlined that automation in cyber defence introduces more risks, and AI for cyber security must "itself be secure, governed and accountable." Speaking at the inauguration of a symposium for cyber defence organized by Sebi at its capacity building body National Institute of Securities Markets near here, Pandey said "we need to look at cybersecurity more from a collective perspective than merely individual lens".

 "Cybersecurity is no longer only an IT issue. It is a board-level issue. It is a business-continuity issue. It is a market-integrity issue. It is an investor-confidence issue," Pandey said.