Heard on the Street: Sebi plans a detailed review of all regulations

Capital market regulator Sebi is planning a comprehensive review of all its regulations to align them to the latest market developments and innovative products.

It is learnt that an internal committee headed by Prashant Saran, one of the two whole-time members of Sebi, has already started this exercise which is aimed at bringing the existing rules in line with international standards.

The committee will have to suggest changes to about 20 regulations in the next year or so before it submits its report to the Sebi board, which will take the final decision. As part of the overhaul, Sebi will carry out a detailed study to suggest changes in the regulations governing fradulent and unfair trade practices, insider trading and foreign institutional investors, among others.