Sebi Chairperson Madhabi Puri Buch announced on Thursday that there has been a positive response to the new regulations for small and medium real estate investment trusts (SM REITs). Industry players have supported these regulations, which aim to boost investor interest in fractional ownership of real estate assets.
Speaking at the Global Fintech Fest 2024, Buch highlighted the role of the regulator and the industry's call for clearer guidelines on SM REITs.
This comes after allegations from US short-seller Hindenburg Research, which claimed that recent amendments to Sebi's REIT Regulations 2014 were intended to benefit a specific multinational financial conglomerate.
Hindenburg also raised concerns about a potential conflict of interest involving Buch and private equity firm Blackstone, where her husband Dhaval Buch is a senior advisor. Buch addressed these concerns, stating that Sebi’s goal is to make compliance as natural as breathing for market participants.
In her first public appearance since Hindenburg’s second report earlier this month, Buch emphasised Sebi's commitment to ensuring that compliance becomes an integral and effortless part of the market.
On the topic of Sebi's discussion paper regarding Futures & Options (F&O) trading regulations, Buch noted that 6,000 comments have been received from stakeholders.
The proposed measures include increasing minimum contract sizes, upfront collection of option premiums, and stricter intra-day monitoring of position limits, among others. These changes are designed to enhance investor protection and ensure market stability in derivative markets.
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