SEBI Regulatory Reforms and Enforcement
Key Questions
What key regulatory reforms is SEBI Chief Pandey emphasizing?
SEBI Chief Pandey is emphasizing disclosure duties for market participants. He advocates for 'smart regulation' in response to RBI and IRDAI positions on derivatives, along with alignment on securitisation cap waivers. Additionally, SEBI has formed an AI cyber task force and introduced LODR Chapter VA for High Value Digital Lending Entities (HVDLEs).
What is the RBI's proposed cap on non-financial assets?
The RBI proposes a 7-year cap on holding non-financial assets by banks. This measure aims to ensure banks focus on core banking activities in India. Experts like Amey Pathak from Cyril Amarchand Mangaldas highlight its implications for banking operations.
How do current laws address Agentic AI risks?
Agentic AI is governed under the Information Technology Act, 2000 (IT Act) and the Digital Personal Data Protection Act, 2023 (DPDP Act). These frameworks address opportunities and risks, with evolving legal structures to manage advanced AI applications. This ties into SEBI's new AI cyber task force for enhanced oversight.
Chief Pandey emphasizes disclosure duties, smart reg against RBI/IRDAI on derivatives; securitisation cap waiver alignment; AI cyber task force formed; LODR Chapter VA for HVDLEs. Apple-CCI antitrust intensifies.