Mumbai, April 17 -- Stressing the need for an optimum regulation in the financial markets, the new SEBI Chairman Tuhin Kanta Pandey said on Thursday that they will review existing regulations, besides removing those that are outdated.

Speaking at the BSE's 150-year celebration, the Securities Exchange Board of India (SEBI) chief said the role of the regulator is not only to ensure market integrity and promote trust, but also the development of the market.

SEBI chief said, "We must therefore move forward with the optimum regulation approach which is mindful of the cost of compliance, while exploring alternatives to achieve our objectives."

"We will be looking to review our existing regulations, weed out those which are outdated, and rat...