SEBI was also often criticised in the past for being slow with its investigations and in completing its enforcement actions. On how narrowly SEBI should regulate the capital markets, Sinha said, "We have to retain a micro approach on regulations to eschew repeated incidents of a similar nature. Sinha said SEBI faced a unique challenge in striking a balance between regulating and developing the capital markets. "Effective regulation is necessary for long-term development of capital markets. SEBI s task is to strike a very delicate balance between being very tough and theoretical on the one side and ensuring that it is not disruptive.

Source: dna March 05, 2017 10:40 UTC