Sebi embarks on simplification of regulations but more needs to be done
The law must be created on the anvil of foresight, but the most backward foresight cannot prevent it from being burdened with loopholes and ambiguities that unscrupulous people could take advantage of. This is why legislators often have to engage in reform processes. However, in order to make the laws harmless, sometimes laws can become too complex or too burdensome for those who are governed by them. Therefore, legislators must regularly assess the feasibility of the norms set and consider toning them, when necessary.
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