New Delhi, SEBI has been awarded the 'Best Conduct of Business Regulator' award in the Asia Pacific region by Asian Banker for its role in enhancing the regulatory framework for securities markets in India.

The award was received by Kamlesh Chandra Varshney, Whole Time Member, SEBI, at a function held in Hong Kong.

“This authority (SEBI) is actively working towards instant settlement. In 2021, T+1 settlement was introduced in a phased manner, which was fully implemented from January 2023. This move “This has provided investors with faster access to their funds after trade execution and settlement, enhancing market efficiency and liquidity,” the Asian banker said in a statement.

It said that through rigorous enforcement and innovative regulatory practices, SEBI has significantly improved trading operations in the country's financial markets, ensuring fair treatment of consumers and strong market integrity.

Asian Banker creates platforms to create a better sense of community among players in the financial services industry, from traditional banks and digital disruptors to fintech and platform players.

It also publishes rankings and ratings of institutions, people and processes to set higher standards in the delivery of finance products and solutions.