The SEBI Budget for the financial year 2017-18 was considered and approved by the Board.
The Board also discussed the plan of action for FY 2017-18. Some of the major initiatives proposed are as follows:
Reducing the listing time gap by bringing down the issue timing from the existing requirement of T+6.
Allowing, in consultation with Stakeholders and Regulators, institutional participation in commodity derivatives markets in phased manner.
Facilitating integration between Commodity Spot markets and Derivatives markets, SEBI to initiate consultation with various stakeholders.
Designing a system of Risk Based Supervision for commodity brokers.
Setting up a Cyber Security Lab for the securities market.
Allowing listing and trading of securitisation receipts issued by Assets Reconstruction Companies (ARC) etc.
Facilitating the objective of “Ease of doing Business”, introduction of common application form for registration, opening of bank and demat accounts, and issue of PAN for Foreign Portfolio Investors (FPIs).
Setting up a facility for online registration of intermediaries.
Strengthening the research initiatives in SEBI with special focus on research on commodity market, inter-linkages of various markets such as Equity, Forex, and Commodity etc.
Increasing its efforts in the areas of investor education / financial education and ensure that it covers all the districts in the country.
Enhancing engagement in the social and digital media for investor awareness programmes.