SEBI Chairman Tuhin Kanta Pandey spoke on the concerns related to Jane Street, said - the regulator will increase its monitoring

Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey, speaking in Mumbai on Monday, stated that post the issues pertaining to Jane Street, the board will even strengthen its surveillance system along with enhancing surveillance. He added that this issue would be under constant surveillance at SEBI as well as exchange levels. Pandey on Monday inaugurated the proxy advisory and e-voting app created by depository CDSL and NSDL. On this occasion, he said that the monitoring mechanism will be further upgraded to strengthen monitoring and so that investors do not suffer any loss.

Pandey said that the Jane Street investigation is being formally taken forward, as well as the regulator is also assessing the impact on investors from weekly expiry contracts, and future decisions will be taken based on new data. His remarks came after SEBI on Friday directed the Jane Street Group entities to seize Rs 4,843.57 crore for illegally making profits.

Commenting on the F&O expiry, Pandey said that SEBI is preparing to issue a credit paper on market activity in the last three months, possibly by today or tomorrow. It is expected that investors' losses will be compared between weekly and monthly expiry contracts, and it will include data divided according to age group.

Speaking on the importance of shareholder voting on this occasion, he said that investors have a role in decisions on board appointments, executive salaries, mergers, and other company matters. Therefore, investors vote on the matter of board appointments, executive compensation, mergers, and other strategic decisions. Many times, retail investors find the voting process challenging. Therefore, the e-voting event app has been launched, which will provide complete information to retail investors and also solve their problems.