TRANSFORMATION ROAD MAP

■ Sebi to merge its two major departments

■ It is aiming to bring in more efficiency

■ Sebi notices lack of coordination between the two departments

■ To reduce time frame to 2 weeks to decide further course of action

■ Currently, it takes 3 months to decide if a matter deserves further probe

■ Surveillance responsible for identifying market misconduct

■ It also ascertains relevant documents from market intermediaries