Stories

SEBI plans reforms to listing rules, SME IPOs and corporate bonds while exploring an AI sandbox and tokenised bond trading, Chairman Tuhin Kanta Pandey says.
M
Moneycontrol•15-10-2026, 12:53
SEBI Unveils Major Reforms for Simpler Rules and AI Sandbox
  • •SEBI Chairman Tuhin Kanta Pandey announced plans for broader capital market reforms to simplify regulatory compliance and expand investor access at the Financial Express Modern BFSI Summit 2026 in Mumbai.
  • •The regulator is conducting a comprehensive review of the Listing Obligations and Disclosure Requirements framework and updating the SME initial public offering guidelines.
  • •SEBI is developing a market-making framework to improve corporate bond liquidity and introducing Fixed Income Channel Partners to broaden retail access through regulated online platforms.
  • •A new artificial intelligence sandbox is being explored to test technological applications in a controlled environment and provide regulatory clarity to innovators.
  • •The SEBI Investor Survey 2025 revealed that only 36 percent of investors possess moderate to high knowledge, highlighting an urgent need for enhanced investor education alongside digital access.

Key Questions Answered

SEBI plans to simplify compliance by updating listing rules, improving debt market functioning, and conducting a comprehensive review of the Listing Obligations and Disclosure Requirements framework while strengthening fund-raising oversight and the SME IPO framework.

SEBI is developing a secondary-market trading market-making framework, a framework for Fixed Income Channel Partners via online platforms, and progressing to the second phase of Demat 2.0 to support tokenised corporate bond trading.

SEBI is exploring an AI sandbox to test applications in a controlled setting, evaluate associated risks, formulate necessary safeguards, and offer regulatory clarity for financial technology innovators.