SEBI reviewing LODR, delisting, derivatives and KYC norms in market reform push

📌 Summary:

• SEBI Chairman Tuhin Kanta Pandey announced a comprehensive review of several key market regulations to strengthen corporate governance, deepen capital markets and boost investor confidence
• Frameworks under review: Listing Obligations and Disclosure Requirements (LODR), delisting norms, the derivatives market, independent directors (IDs) framework, short selling, and KYC norms for foreign investors and NRIs
• LODR is being reviewed to be more responsive to emerging governance and disclosure needs
• Delisting framework to be revisited — a well-developed market must provide both fair entry and fair exit
• Deepening the cash market stated as a priority

🎯 UPSC Relevance: GS3 (Indian Economy) — capital market regulation, corporate governance, investor protection, and the role of SEBI as a statutory regulator.

📝 Prelims Facts:

• SEBI is a statutory body under the SEBI Act, 1992; current Chairman is Tuhin Kanta Pandey
• LODR = Listing Obligations and Disclosure Requirements
• KYC norms apply to FPIs and NRIs

🔑 Key Term: LODR — SEBI's Listing Obligations and Disclosure Requirements regulations governing disclosure and governance standards for listed companies.