Categories: Business

SEBI form ‘ALERTs’ committee for early detection of market anomalies

The Securities and Exchange Board of India (SEBI) has set up an Advisory Committee for Leveraging Regulatory and Technology Solutions (ALeRTS) to enhance technological capabilities and explore suitable technology solutions for the early detection of market anomalies. ALeRTS is a 7-member committee headed by Madhabi Puri Buch, a former whole-time member of SEBI and has experts from various technology domains as members.

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About the ALeRTS:

ALeRTS will recommend future roadmaps and improvements in the various ongoing technology projects. It will also guide SEBI in designing and framing requirements for the different in-house systems
In addition, the committee has also been constituted “to guide SEBI from a domain perspective, in ascertaining the adequacy of SupTech / RegTech tools envisaged/proposed to be used in-house for improving its capabilities,”.

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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.