SEBI
Chairperson Smt.
Madhabi Puri Buch launches FICCI’s regtech initiative in partnership with TeamLease RegTech to
facilitate end-to-end automation of SEBI compliances
FICCI’s new initiative, launched by SEBI and developed by TeamLease Regtech, will digitize
secretarial compliance for companies to stay on the right side of the law
National, September 13, 2022 : 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 it does, 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.