SEBI Chairperson, Smt. Madhabi Puri Buch, has launched the Federation of Indian Chambers of Commerce & Industry’s (FICCI) initiative to strengthen compliance with a tech-based solution powered by TeamLease Regtech, India’s leading Regulatory Technology (Regtech) solutions company.
As a part of the initiative, FICCI has facilitated the development of a regtech platform with Teamlease Regtech to enable digitization of compliance for its members. The launch happened today, 13th September 2022, at Hotel Trident in Mumbai, Maharashtra.
SEBI Chairperson, Smt. Madhabi Puri Buch complemented the regtech initiative and emphasized the importance of a transparent regulatory framework, saying, “Essentially, we believe that SEBI exists to support the capital formation of the economy. Herein, trust is the very foundation on which the entire structure of capital formation is built. In this context, transparency is an important tool. We believe that businesses are free to do what they do, but 100% transparency in what is happening is crucial.”
She further added, “Every firm is accountable to all its stakeholders, whether customers, suppliers, or the law. Therefore, at the core, regulatory stability is crucial. Today, markets are evolving rapidly, and the business landscape is changing drastically, so our earnest request is for businesses to be at pace with us.”
The initiative is a state-of-the-art technology solution by TeamLease Regtech that is built to transform compliance across organizations. It allows tracking of over 2000 SEBI compliances and auto-generation of select SEBI disclosures. Additionally, the platform has other features like end-to-end board meeting management, compliance document management, and the generation of compliance calendars.
Mr. Rishi Agarwal, Co-Founder, and CEO of TeamLease Regtech, said, “Regulatory complexity has been holding India’s employers back. This launch is a milestone event that aims to reimagine employer compliance for 21st-century India. It sets the right tone toward paperless, presence-less, and cashless compliance in India. “
Founded in 2015, TeamLease Regtech is India’s leading regulatory technology company helping corporate India stay on the right side of the law. It enables a transparent, timely, and accountable compliance program for over 100 entities across 40 industries in India.
