The Securities and Exchange Board of India will hold its board meeting on March 24, marking the first under its new Chairman Tuhin Kanta Pandey, who took charge on March 2, according to people familiar with the matter.
All departments have been asked to submit their proposals by March 5. While the agenda is yet to be finalised, the people said, adding that the discussions are expected to focus on improving the ease of doing business.
SEBI has been working on simplifying regulations to enhance efficiency and transparency for market participants, including investors and companies. The meeting may address streamlining processes and reducing compliance burdens.
One of the key items under consideration is the approval of SEBI's expenditure plans for the fiscal 2025-26, the people said.
The budget approval is essential for SEBI's regulatory, supervisory, and developmental activities. The allocation of funds will provide insight into SEBI's priorities for the next financial year.
The board is also expected to review proposals from its last meeting in December, where it approved several market regulation measures. It may assess the implementation of those decisions and discuss the recent market volatility.
The meeting is expected to shape SEBI's regulatory approach under Pandey's leadership as Pandey set a new tone for SEBI on his first full working day on Monday, urging officials to prioritise merit over specific targets, NDTV Profit had reported earlier citing to two people familiar with the matter.
The move marked a shift from the target-driven approach of his predecessor, Madhabi Puri Buch, whose key result areas (KRAs) were tightly linked to measurable outcomes. While Buch's strategy focused on accountability and performance, Pandey's emphasis on merit suggests a more balanced and practical method for enforcing financial regulations. During his first interaction with SEBI staff, he was receptive and encouraged open discussions on the challenges faced by officials.
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