
SEBI Chairman Tuhin Kanta Pandey has announced significant reforms aimed at enhancing operational flexibility and reducing compliance costs for market participants. A major policy shift allows companies to make the appointment of merchant bankers for share buybacks optional, redistributing oversight duties to internal compliance officers and auditors. Additionally, Tuhin Kanta Pandey detailed new guidelines for mutual funds, granting them increased liberty to utilize intraday borrowing to manage temporary cash flow mismatches, provided they adhere to strict repayment protocols. These strategic measures reflect SEBI's commitment to streamlining processes and improving liquidity management, fostering a more efficient and responsive investment ecosystem.