Mumbai, Dec. 1 -- India's market regulator is planning to revise the master circular for stock exchanges within the "next few months", said Tuhin Kanta Pandey, chairman, the Securities and Exchange Board of India (Sebi), on Monday.

"Master circular for stock exchanges will be consolidated, simplified, and rationalized chapter by chapter within the next few months for better clarity and the ease of doing business," he said during an address to the Confederation of Indian Industries (CII) Southern Region in Chennai.

The regulator proposed simplifying the regulatory framework for stock exchanges and clearing corporations to improve the ease of doing business by removing outdated rules, reducing compliance costs, and consolidating various d...