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Sebi proposes regulatory framework for index providers, Rs 25 cr net worth

The regulator has floated a fresh consultation paper proposing provisions for eligibility, disclosures and audit

Sebi
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Khushboo Tiwari Mumbai
The Securities and Exchange of India (Sebi) is planning to introduce a regulatory framework for index providers, both domestic and foreign, for increasing transparency and accountability in governance and administration of the financial benchmarks.

In the consultation paper floated on December 28, the capital markets regulator has proposed that the index providers offering indices for use in India will be required to register with Sebi for obtaining authorisation and must have a minimum net worth of Rs 25 crore.

Regulations for index providers will prescribe provisions for eligibility criteria, compliance, disclosures, periodic audits, and penal action in case of non-compliance

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First Published: Dec 28 2022 | 9:14 PM IST

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