SEBI Chief Warns Against Defaming Consolidated Account Statement System
· Business · Moneycontrol, Indian Express
SEBI Chairperson Madhabi Puri Buch has issued a stern warning against attempts to manipulate or defame the Consolidated Account Statement (CAS) system. The regulator is currently reviewing feedback regarding the mechanism but has confirmed that the closing auction mechanism will remain in place. The CAS system is designed to provide investors with a comprehensive view of their financial holdings across various asset classes. SEBI officials emphasized that market participants should refrain from spreading misinformation about these regulatory frameworks. The regulator continues to monitor market feedback to ensure the stability and transparency of investment reporting.
Why it matters
The stability of the CAS system directly impacts how millions of Indian retail investors track their portfolios, and SEBI's stance signals a zero-tolerance policy toward misinformation that could undermine investor confidence.
Read the original report — Moneycontrol
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