Capital markets regulator, Securities and Exchange Board of India has restructured its primary market advisory committee on data. The committee aims to measure pertaining to areas such as securities market data access and privacy. Sebi has appointed Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India S Sahoo as Panel Head. Earlier this panel was headed by Madhabi Puri Buch, an ex-whole time member of Sebi.
The objective of the Committee:
- The scope of the work of the committee includes identifying segment-wise data perimeters, data needs and gaps, recommending data privacy and data access regulations applicable to market data. It is responsible for recommending appropriate policy for access to securities market data.
- In addition, the committee recommends standardization of data definitions; data identification logic ( usage of uniform codes for identifying and storing data – raw data and derived data) and data validation techniques (single source of truth, validation).
Other members of the committee:
- Members of the committee include Ashlesh Gosain, Regional Head South Asia, Bloomberg LP, Mumbai; Reena Garg Scientist F & Head (Electronic & Information Technology Department) at BIS; Kiran Shetty, CEO and Regional Head – India & South Asia at SWIFT India; Ganesh Ramakishnan Professor, Department of Computer Science and Engineering in IIT Bombay.
- Also, BSE Managing Director and CEO Ashishkumar Chauhan; NSE MD and CEO Vikram Limaye; Mahesh Vyas, MD of CMIE; Prithvi Haldea, chairman at Prime Database; and Anuj Kumar, CEO of CAMS are also the members.