Single filing with stock exchanges will be reality soon, says SEBI Chief Madhabi Puri Buch

Single filing with stock exchanges will be reality soon, Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch said during a Confederation of Indian Industry (CII) summit on Monday, September 2.

She said the disclosure filed with one exchange would be visible on the other exchange. For example, if a company files its financial results on the National Stock Exchange (NSE), then the document will also reflect on the BSE.

"A single filing with the stoxk exchanges will be a reality very soon," Madhabi Puri Buch said.

In 2017, the BSE (formerly Bombay Stock Exchange) introduced a new corporate announcement filing system, or CAFS, to provide speedy, timely, and accurate information on listed firms to investors and news agencies. CAFS disseminates information round the clock and provides a company's filing time and BSE dissemination time for users to verify the minimum delay between reporting and discourse.

In the financial year (FY) 2023-24, CAFS was extended to other segments, such as mutual funds, debt, and commercial papers.

Buch also said that investors will soon be able to start a systematic investment plan (SIP) for as low as ₹250 per month.

"We are on the way to ₹250 SIP becoming a reality," she said.

SEBI plans to speed up IPO approvals using AI

Last week, she said that the capital market regulator is planning to use artificial intelligence (AI) to speed up the initial public offering (IPO) approval process.

"We have a dozen projects using AI which are in the works at SEBI," the SEBI chief said, adding, "half of those will speed up our approval process, and half of them will speed up our supervision process. We will not actively use AI."