Mumbai, Nov 4 (PTI) Days after an outage at MCX, Sebi chairman Tuhin Kanta Pandey on Tuesday expressed his displeasure over “repeated" instances of breakdowns at exchanges.

The capital markets regulator will take corrective steps, if required, after an analysis of the issue at hand, Pandey told reporters, stressing that there is a standard operating protocol Sebi follows to deal with such incidents.

“The last problem was in July and now there is this (MCX). Repeated instances of such problems is not right," Pandey told reporters on the sidelines of an event by Morningstar here.

The Sebi SOP (standard operating procedure) has laid out action to be taken in detail after such an instance, he said, adding that it starts with reporting of the matter and goes on to do a root cause analysis. T

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