SEBI is looking to present its rules and regulations in a simpler manner as part of efforts to help investors have a better understanding of the markets, a senior official said on Friday.
The initiative also comes at a time when efforts are being made at various levels, including by the government and the regulator, to attract more investors into the capital market.
SEBI Whole Time Member Prashant Saran said the endeavour is to ensure that regulations are written in a simpler manner, so that a common man can understand.
“It is our attempt (to present regulations in a simpler manner) for which we will go further.
“If you look at our recent regulations, for example, our two regulations related to Listing and AIF (Alternative Investment Fund) have been written in simpler manner compared to others,” he said.
In recent times, the Securities and Exchange Board of India (SEBI) has made a slew of changes to various norms, besides introducing new set of regulations with respect to different segments, including start-ups.
According to Saran, there is also room for IPO documents being written in a more simplified manner.
Late last year, SEBI came out with abridged prospectus for public offers wherein the application form cannot exceed five sheets that would be printed on both sides and the total number of pages cannot be more than ten.
Saran was speaking at a seminar organised by industry body PHD Chamber of Commerce and Industry.
