Sebi shifts to NCL building as another staffer tests coronavirus-positive

The regulator had closed its office for two weeks until May 17 after an employee had tested positive.
The Securities and Exchange Board of India (Sebi) had to sanitize its headquarters at Mumbai’s Bandra Kurla Complex (BKC) after another staffer tested positive for Covid-19.

On May 19, another staffer tested positive and accordingly the prescribed protocol of sanitization and disinfection of the office premises are being followed, said an official.

Sources said the regulator plans to temporarily operate from 20,000-square-foot NCL building located in the vicinity.

The first Covid-19 case at Sebi had emerged on May 7 after which the regulator had to sanitize its two head office buildings at BKC.

 “Since the lockdown has been announced, Sebi has been taking all precautionary measures including those announced by central and state governments and is following all the protocols prescribed by the component authorities, which has helped Sebi to continue its uninterrupted functioning,” the official added.

Despite a nationwide lockdown, the stock market ecosystem has been allowed to operate. Sebi’s workload during the lockdown has, in fact, been higher than usual, say sources, as it has had to ensure smooth functioning of the markets and announce tweaks to several regulations to adapt to changing dynamics triggered by the coronavirus pandemic.
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