Mumbai: In a move to boost trust, transparency, and turbocharge market growth, the Securities and Exchange Board of India (SEBI) will soon scrap all outdated regulations, which are not serving any purpose.

There will be no biggest shake-up or big-bang market reforms, but SEBI’s plan is to tailor regulation specifically to the needs and strengths of the capital market and the domestic economy.

First, the outdated rules and regulations may be abandoned, and consider reducing compliance requirements for low risk firms, funds and other entities, but will maintain the most stringent requirements for firms with high risks, and indeed largest........

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