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MUMBAI: An assistant general manager working with the Securities and Exchange Board of India (Sebi) tested positive for covid-19, prompting the market regulator to close its headquarters for three days, according to two people familiar with the developments.
The regulator also asked its employees not to attend the office and to continue working from home. Sebi has asked all officials who contacted the assistant general manager to report to human resources offices and quarantine for 14 days, the two people added.
“Since the closure was announced, Sebi has been taking all precautionary measures, including those announced by the central and state governments,” said a Sebi official, who declined to be identified.
After one if his officers tested positive Thursday night, Sebi has taken all required steps under the protocol, including disinfecting his office buildings at the Bandra Kulra Complex. Sebi continues to operate continuously, the official added.
Markets have been declared essential services since the closure was announced in March. The regulator had continued to work to ensure that surveillance actions and regulatory relaxations continue for market participants.
Ajay Tyagi, President of Sebi, has ensured that the markets continue to run like clockwork. During the first days of the closure, Sebi selected essential personnel for the continuity of work, communicated with others to work from home and established a secure network for the protection of information and remote access systems.
“Even now, when offices are closed, the work of home systems is strong enough to continue the regulatory and monitoring mechanism. The integrated surveillance report can be remotely monitored,” said the second person, who she did not want to be named either.
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