- SEBI will review stockbrokers' requests for relief from RBI's trading funding guidelines
- SEBI is coordinating with RBI on corporate bond index products under dual jurisdiction
- SEBI plans to update PMS regulations by June after groundwork and reviews last year
The Securities and Exchange Board of India (SEBI) will look into representations by stockbrokers that are seeking relief from the guidelines by the Reserve Bank of India that requires banks to tighten funding to proprietary traders. This is under the capital market exposure rules.
SEBI Chairman Tuhin Kanta Pandey at the PMS Conclave 2026 said, "We have received representation from brokers seeking relief from RBI guidelines related to collateral and bank guarantees for proprietary trading." He further added that they will need to see what needs to be done as RBI had initially issued draft guidelines and sought their opinion.
Pandey further said that there are three of four issues and the matter is with the RBI.
SEBI chief when speaking about the corporate bond index and related products that will be traded on exchanged said that SEBI is working jointly with the RBI. He further explained that it will have RBI and SEBI jurisdiction.
During the event the market watchdog said it will review the PMS regulations 2020 as it did for mutual funds and stockbrokers last year. "I believe the work has already started and we have already done a lot of groundwork and we should really be targeting perhaps June in terms of changing the regulations,” he said.
With AI being the hot topic in the recent times, the SEBI Chairman also explained how they are using AI tools for real-time insider trading detection. "AI is being increasingly used by us. We are using them on financial influencers and those transgressing the lines on investment advice. It is also being used on certain advertisements to ensure they are under SEBI rules," he said.
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