The Securities and Exchange Board of India (SEBI) hosted SMART 2025, a symposium in Mumbai on India’s securities market tech stack, bringing together regulators and market participants from India and abroad. The event, which featured a keynote address by Nandan Nilekani, was positioned as a showcase of India’s technology journey in securities markets and the reforms enabled by it. The symposium highlighted market-wide initiatives linked to technology adoption, including the move to T+1 and T+0 settlement, shortening IPO timelines from T+6 to T+3, the pledge-repledge mechanism in the secondary market, online know-your-customer processes, Mutual Fund Central and ASBA in the secondary market. SEBI also outlined its use of technology in its own operations across regulation, inspection and enforcement, citing reduced timelines for intermediary registrations, quicker issuance of observations on IPO offer documents and online dispute resolution for investors, alongside cyber security measures for both market participants and SEBI’s internal systems. Attendance was reported at over 350 participants from India and 11 other jurisdictions.
Securities & Exchange Board of India 2025-01-16
Securities and Exchange Board of India convenes SMART 2025 to showcase technology-led changes in India’s securities markets
The Securities and Exchange Board of India (SEBI) hosted SMART 2025 in Mumbai, highlighting India's advancements in securities market technology and related reforms. Key initiatives discussed included T+1 and T+0 settlement, shortened IPO timelines, and enhanced online processes. SEBI also showcased its technological integration in regulatory operations and cyber security measures, with over 350 participants attending from India and abroad.