To protect the interests of investors: SEBI
Let people know that we are in high alert “GNBajpai observed, chairman of the Securities and Exchange Board of India (SEBI), and added” as a regulator, we met any number of shares and will continue to do so respect, our role as a watchdog. We see unusual movements, to take knowledge and action. ”
Talking to media on the sidelines of the 2003 meeting of the Institute of Chartered Financial Analysts of India (ICFAI) here Saturday, he said: “I can not stop buying or sell (ie place ) On the market. I can not dictate to. Regulator should be the focus, but not development (capital markets) in difficulty. ”
Mr. Bajpai comments were in response to indications presspersons on the similarities in markets like the movement of investments for redeployment of B1 and B2 and trade-Trade-categories, as a general rule, only for the top market, followed by Crashes in the past.
Search reassure investors, Mr. Bajpai pointed out that SEBI has taken a number of measures such as reducing filtering, higher margins, the introduction rolling habitat and trade to trade. Indeed, a more “proactive” measure has recently been taken with regard to “offers priority.” The Committee recommends main market, the sale can not take place, in such cases, the period of six months. He was placed on the network and the public was invited for the two weeks was granted. Once that received SEBI his opinion, he said.
On foreign institutional investors (FII), he said, they accounted for about 25 per cent of investment in capital markets and hedge funds have accounted for 20 percent of these 25 per cent. They come through participation, and we have the elements of standards, he recalled the question about the risks of this district. The investment fund in India, he felt much safer than in other countries.