Mr. Jaitley pitched for greater transparency in rule-making and other functions of regulator. He also asked SEBI to consider new measures to address issues like investor awareness, while he also discussed issues related to recommendations of the Financial Sector Legislative Reforms Commission (FSLRC).
SEBI Chariman, UK Sinha said after the meeting that the finance minister discussed and gave his ideas about the securities market.
This was Arun Jaitley’s first address to the SEBI board after assuming office as the Union Finance Minister.
The Sebi chief said that Jaitley also discussed the FSLRC recommendations with the board.
“Finance minister suggested that the regulators should move towards greater transparency,” Sinha said. “Two-three important messages which the Minister gave to us were, for example, measures to be taken to attract retail investors into the market”, adder Mr. Sinha.