Mumbai, Oct. 24 -- Market regulator Securities and Exchange Board of India (SEBI) is exploring a graded compliance framework for stockbrokers, Chairman Tuhin Kanta Pandey announced on Saturday.

Addressing market intermediaries at the 16th ANMI International Capital Market Convention in Mumbai, he said that the new framework would tailor regulatory burdens to market realities.

"For stockbrokers, we are exploring graded compliance. It would reflect your scale, your client exposure, and your reliance on technology," Pandey said, emphasising that supervision needs to be balanced against operational risks.

Highlighting the need to deepen India's debt market, the SEBI chief stated that the regulator is focused on improving liquidity and mark...