- The Securities and Exchange Board of India (SEBI) has re-constituted its advisory committee on mutual funds that advises the capital markets regulator on matters related to regulation and development of the mutual fund industry.
- The revamped advisory committee on mutual funds has 20-member and will be headed Usha Thorat, former deputy governor of Reserve Bank of India (RBI).
Roles & Responsibilities of the committee:
- Issues related to regulation and development of the mutual fund industry.
- Disclosure requirements and measures required for a change in the legal framework to introduce simplification and transparency in mutual fund regulations