Regulatory Impact Assessment Urged by Market Veteran M. Damodaran

Financial Report: Regulatory Impact Assessment Mechanism for Indian Markets

Summary

At the Mint India Investment Summit 2026, Meleveetil Damodaran, former chair of the Securities and Exchange Board of India (Sebi), emphasized the need for a regulatory impact assessment mechanism in India's markets regulator. This mechanism would test the relevance of existing rules to today's realities.

Key Takeaways

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• Meleveetil Damodaran, a former Sebi chair, called for a regulatory impact assessment mechanism to evaluate the effectiveness of existing rules.
• The proposed mechanism would assess the relevance of Sebi's rules to the current market landscape.
• This would enable Sebi to make informed decisions and update its regulations to meet the changing needs of the market.

Recommendation

Implementing a regulatory impact assessment mechanism would enhance the efficiency and effectiveness of Sebi's regulatory framework, ensuring that its rules remain relevant and responsive to the evolving market environment.