Mumbai, Aug 12
Markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday revealed that it conducted search and seizure operations involving 89 entities at 71 locations covering 18 cities across the country during 2024-25.
The inspections were launched on 24 mutual funds and their Registrar and Transfer Agents (RTAs), plus 13 portfolio managers, according to the SEBI’s Annual Report.
The off-site monitoring of all mutual funds was powered by algorithm-based alert systems.
"These tools have significantly streamlined data analysis, reduced time and manual effort, and improved accuracy in identifying connections among entities involved in violation of securities market laws," according to the SEBI.
In order to combat market abuse, a Market Intelligence portal has been developed for market participants to provide market intelligence inputs pertaining to market abuse. The portal has been operational since May 2024.
"SEBI’s regulatory outlook remains steadfast — anchored in trust, guided by resolve to protect investors and driven by the goal to support India’s vision 2047. We will continue to pursue a proactive and forward-looking regulatory approach, guided by our core principles of trust, transparency, teamwork and technology," Pandey said