SEBI will probe if any egregious behaviour found against employees: Tuhin Kanta Pandey

Securities and Exchange Board of India (SEBI) will “get to the bottom of it” if any evidence of egregious behaviour is found against the employees, said Chairperson Tuhin Kanta Pandey in a media briefing on Monday (February 23, 2026)

Mr. Pandey said that it is important to take action if evidence of “egregious behaviour” arises to avoid dissuading those who work with integrity while responding to questions on the suspension of General Manager Achal Singh, citing alleged issues of integrity. “It’s important that if there’s any such case, we’ll get to the bottom of it. But we do have whole system in place to see that due opportunity is given, natural justice is given.  Nevertheless, (in) the initial stage, the evidence was egregious enough for us to act,” said Mr. Pandey.

On the ease of doing business front, Mr. Pandey said in his speech at the event that a comprehensive review of SEBI (portfolio manager) regulations was underway and that the regulator was targeting a consultation paper proposing the changes to be released by June 2026.

He further said that SEBI had received representations from stock brokers regarding the Reserve Bank of India’s (RBI) new norm mandating a 100% collateral on credit to stock brokers, among others. Having received the representations, Mr. Pandey said that SEBI would see what it can do while adding that the matter was with the RBI.

Besides, he also said that SEBI had “fairly deliberated” on a portal for pre-IPO trading, saying that it can be done if it is limited to to-be-listed stocks and not the whole unlisted space. The operational requirements for the same would take a bit longer to frame, he said.