Ananth Narayan, Ex-SEBI WTM, Calls for Market Action on Product Suitability Amid Growing Debate
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Derivatives Suitability: Ananth Narayan Urges Market to Lead, Not Wait for SEBI
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Moneycontrol•16-03-2026, 17:04
Derivatives Suitability: Ananth Narayan Urges Market to Lead, Not Wait for SEBI
•Former SEBI WTM Ananth Narayan urges the market ecosystem (exchanges, brokers) to proactively implement a product suitability framework for derivatives, rather than waiting for SEBI.
•The debate gains urgency due to surging retail participation in derivatives, raising concerns about risks for inexperienced investors.
•BSE MD & CEO Sundararaman Ramamurthy proposes a 'glide path' approach, allowing investors to gradually access complex products as their market knowledge improves.
•Angel One Chairman Dinesh Thakkar highlights brokers' role in providing technology-driven nudges and alerts, while cautioning against strict entry barriers in India.
•Discussions include knowledge tests, experience-based access, portfolio-based eligibility, and stronger risk disclosures, with South Korea's model cited as an example.
