Market regulator Securities and Exchange Board of India (Sebi) is studying the corporate governance issue concerning Satyam Computers and Maytas, its Chairman C B Bhave said.

“We do not want to react immediately to the incident (the acquisition bid that triggered investor outrage)…we will study issues involved and then come to a conclusion,” Bhave told reporters on the sidelines of a conference on securities markets in Mumbai on Friday (December 20).

It was too premature to comment on the issue, Bhave said, adding that the study would take whatever time it requires. The regulator said it was looking at easing restrictions in currency futures trade and the possibility of including more market participants in the trade, Bhave said.

“There are some restrictions in this market on who can trade and we are now looking at if these restrictions can be relaxed,” Bhave said, responding to a question on whether more currency pairs will be allowed in futures trading.

Currently, foreign institutional investors and non-resident Indians are not allowed to trade in currency futures. Asked whether more currency futures would be introduced, Bhave said there was a joint Reserve Bank of India-Sebi committee in place which was looking at whether this market needed to be expanded.