Explaining the efforts made by the young regulator to earn credibility and win public confidence, Sahoo said, "We are thinking that whatever regulations we have we should get comments, and if there is an urgency we can make amendments."
He also added that comments can be submitted throughout the year until December following which they will be screened by the chairman and used in the updated version of the regulation, which will be released in April next year.
The move is inspired by the Reserve Bank's practice of bringing out an annual update of its laws on July 1 every year.
Brushing aside market views that interference of courts should be encouraged in the new regime, Sahoo said that since this was an emerging area, it was important for a third party to address disputes and help in interpretation. He, however, pointed out that courts have played an important role in several other areas of economic legislation over the past 25 years.