CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE

SEBI Chairman Tuhin Kanta Pandey, speaking to NDTV Profit at NDTV Profit Ignite, emphasises that public capital brings public responsibility and highlights the need for effective regulatory outcomes at lower costs. He discusses the Closing Auction Session (CAS), introduced after extensive consultations, saying it has worked for the cash market but faced challenges with derivatives settlement on expiry days. CAS will continue for a year, with its closing price delinked on expiry days, before a review. Pandey also outlines plans for a consultation paper on FPI norms and highlights India's position among the world's leading IPO markets, ranking third in IPO value. He discusses improving investor understanding, reviewing SME IPO norms and introducing third-party monitoring of IPO fund utilisation. He also indicates that no changes are expected to the Gold ETF scheme