15-Member Committee Constituted by SEBI
The Securities and Exchange Board of India (SEBI) has constituted a 15-member committee to increase foreign investment. The advisory committee constituted by SEBI is called the ‘FPI Advisory Committee’ or FAC to ease ways for foreign investors to invest in the Indian markets by reviewing the existing processes. SEBI decides to constitute this committee to simplify the investment processes in the capital markets of India and suggest new ways of increasing investments.
- This committee will help in increasing participation in the domestic bond markets.
- It will suggest new ways to bring changes in the existing rules to attract investment and enhance transparency.
- The committee will also give recommendations on the issues related to custodians.
- The Committee comprises of CEOs of the Exchange and Clearing Corporation, depositories, legal experts, consultancy firms, and other representatives of foreign banks.
- The former Chief Economic Advisor (CEA) KV Subramanian is the chairman of this committee.