Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey today called on brokers, mutual funds, distributors and advisors to go beyond mere compliance and proactively strengthen transparency, investor-protection frameworks, risk management and operational resilience. He emphasised that building a trustworthy and inclusive capital market requires culture change, not just regulatory checklists. The remarks came at the Morningstar Investment Conference India. The regulator signalled greater scrutiny ahead as industry growth accelerates in the retail segment.