2.4.2. Structural Weakness

Regulators in India are often required to make technical determinations. But a large number of posts dedicated to expert members lie vacant. The Central Pollution Control Board has nearly 20 per cent of its sanctioned posts lying vacant as per its last annual report.

The enforcement wing of SEBI lacks the capacity to proactively respond to sophisticated market evolution. It responds with prefer blunt enforcement remedies rather than other more nuanced and complex alternatives.