SEBI Revamps advisory committee on mutual funds

SEBI

  • 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

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