On July 27, 2026, SEBI Chairman Shri Tuhin Kanta Pandey addressed newly inducted SEBI officers at the National Institute of Securities Markets (NISM). The address outlined SEBI's three-pronged statutory mandate: investor protection, market development, and regulation of securities markets under the SEBI Act, 1992. Pandey emphasized SEBI's role as a quasi-legislative, quasi-judicial, and quasi-executive body, and called on officers to uphold integrity, institutional accountability, and investor-first orientation in their regulatory conduct.

Tuhin Kanta Pandey assumed charge as SEBI Chairman following his tenure as Secretary of the Department of Investment and Public Asset Management (DIPAM), where he oversaw major disinvestment transactions including LIC's IPO. His appointment to SEBI marked the continuation of a technocrat-turned-regulator tradition in Indian financial governance. The induction address at NISM is significant because it sets the institutional philosophy for new entrants into SEBI's officer cadre. NISM, established under Section 4A of the SEBI Act, is SEBI's dedicated educational arm tasked with financial literacy and professional certification. The address carries weight because SEBI operates at the intersection of three constitutional and statutory functions: it frames regulations (quasi-legislative), adjudicates disputes (quasi-judicial), and enforces compliance (quasi-executive). For SEBI Grade A aspirants, the examiner angle is typically: who is the current SEBI Chairman, what is SEBI's statutory mandate, where was the speech delivered, and what institutional identity does NISM hold. SEBI was established on April 12, 1992, under the SEBI Act, gaining statutory powers. Its headquarters is in Mumbai. Pandey's emphasis on investor protection as the primary mandate aligns with Section 11(1) of the SEBI Act, reinforcing the foundational legislative intent. Officers must internalize that regulation is not merely compliance but a developmental public good.