Aarati Krishnan, Editorial Consultant with BusinessLine, has been inducted as a member of the Securities & Exchange Board of India’s Advisory Committee on Mutual Funds. The committee, chaired by Usha Thorat, former Deputy Governor of Reserve Bank of India, advises SEBI on matters related to mutual fund regulation to ensure investor protection, development of the industry and disclosure requirements. It suggests measures required to be taken to render the legal framework for mutual funds transparent and simple for investors and constituents.
The committee has 24 members comprising CEOs of leading mutual fund houses as well as representatives from academia, exchanges, consumer interest groups, fund trustees, rating agencies, distribution firms and media.
Important takeaways for all competitive exams:
- Securities and Exchange Board of India Founded: 12 April 1992.
- Securities and Exchange Board of India Headquarters: Mumbai.
- Securities and Exchange Board of India Agency executive: Ajay Tyagi.