SEBI Chairman Tuhin Kanta Pandey defended the proposed Closing Auction Session (CAS) mechanism, saying market rules must adapt to current realities. The regulator has received over 3,500 comments on its consultation paper, which closes on October 3. Pandey said improved surveillance systems support CAS, which is important for passive investing to ensure a single execution price.
SEBI Chief Backs Closing Auction Session, Cites Market Evolution
Source: Moneycontrol