Acted under SEBI’s jurisdiction in NSE case: Tyagi

Securities and Exchange Board of India (Sebi) outgoing chief Ajay Tyagi on Wednesday said the capital markets regulator acted in the NSE matter within its jurisdiction and as per its understanding. He denied any “dilution” of the orders in the matter. After stepping down as the regulatory chief after the end of his five-year term, Tyagi said several other law enforcement agencies were also probing the matter.

Tyagi said, “The facts and findings so far available in the public domain are based on the findings of SEBI which was disclosed by it in its order. We should also wait for the investigation of other agencies.” He said that SEBI is cooperating with other agencies and is also providing the information sought by them.

After handing over the charge to Madhavi Puri Buch, Tyagi said the NSE case pertained to the developments between 2010-2015 and SEBI under his leadership initiated a serious investigation. Tyagi said, “We have given orders within the scope of our jurisdiction and according to our understanding. It cannot be said that the regulator diluted the orders.”