SEBI Extends Deadline for Advisory Panel Recommendations to March 2024
SEBI has extended the deadline for its advisory panels to submit recommendations on various market segments until March 31, 2024.
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त्वरित संशोधन
SEBI extended the deadline for its advisory panels to submit recommendations.
New deadline is March 31, 2024, extended from December 31, 2023.
Panels advise on market infrastructure, corporate bonds, mutual funds, foreign portfolio investors, research analysts, and investment advisers.
महत्वपूर्ण तिथियां
दृश्य सामग्री
SEBI's Recent Regulatory Milestones & Advisory Panel Deadline Extension
This timeline contextualizes the news of SEBI extending its advisory panel deadline within its broader recent regulatory activities, highlighting SEBI's continuous efforts to refine market operations and governance.
SEBI continuously adapts its regulatory framework to market dynamics, often involving expert consultations. The extension of the deadline for advisory panel recommendations underscores SEBI's commitment to thorough analysis and comprehensive policy formulation, building on its recent initiatives to enhance market efficiency and corporate governance.
- 2022 (Jan)Implementation of T+1 settlement cycle (Phase 1)
- 2022 (Nov)SEBI mandates Business Responsibility and Sustainability Reporting (BRSR) for top 1000 listed companies
- 2023 (Jan)Full implementation of T+1 settlement cycle across all scrips
- 2023 (Dec 31)Original deadline for SEBI advisory panels to submit recommendations
- 2024 (Mar 31)Extended deadline for SEBI advisory panels to submit recommendations (Current News)
परीक्षा के दृष्टिकोण
Role and functions of SEBI as a statutory body.
Structure and regulation of Indian capital markets (primary, secondary, debt, equity).
Types of financial instruments and market participants (FPIs, MFs, corporate bonds).
Importance of regulatory bodies in economic stability and investor protection.
Process of policy formulation and the role of expert committees in governance.
विस्तृत सारांश देखें
सारांश
The Securities and Exchange Board of India (SEBI), which is India's capital markets regulator, has extended the deadline for its various advisory committees to submit their recommendations. Originally set for December 31, 2023, the new deadline is March 31, 2024. What this means is that these expert panels, which advise SEBI on crucial aspects like market infrastructure, corporate bonds, mutual funds, and foreign portfolio investors, will have more time to deliberate and provide their insights.
While it might seem like a minor procedural update, these recommendations are vital for SEBI to formulate effective regulations and policies that ensure the smooth functioning, transparency, and stability of India's financial markets. Giving more time suggests that SEBI values thorough analysis and comprehensive suggestions from these panels, which ultimately benefits investors and the broader economy.
पृष्ठभूमि
नवीनतम घटनाक्रम
बहुविकल्पीय प्रश्न (MCQ)
1. Consider the following statements regarding the advisory committees of the Securities and Exchange Board of India (SEBI): 1. These committees are statutory bodies established directly under the SEBI Act, 1992. 2. Their recommendations are binding on SEBI for the formulation of new regulations and policies. 3. They provide insights on diverse aspects including market infrastructure, corporate bonds, and foreign portfolio investors. Which of the statements given above is/are correct?
- A.1 and 2 only
- B.3 only
- C.1 and 3 only
- D.1, 2 and 3
उत्तर देखें
सही उत्तर: B
Statement 1 is incorrect. While SEBI itself is a statutory body, its advisory committees are typically formed by SEBI under its powers, not directly established as statutory bodies by the Act itself. They are expert panels constituted for specific purposes. Statement 2 is incorrect. Advisory committees provide recommendations and insights, but these are not binding on SEBI. SEBI considers these recommendations but retains the final authority to formulate policies. Statement 3 is correct, as mentioned in the news article, these panels advise on crucial aspects like market infrastructure, corporate bonds, mutual funds, and foreign portfolio investors.
2. With reference to the Securities and Exchange Board of India (SEBI), consider the following statements: 1. SEBI regulates both primary and secondary markets for securities in India. 2. The Forward Contracts (Regulation) Act, 1952, was repealed, and its functions were merged with SEBI. 3. SEBI has the power to regulate commodity derivatives markets. 4. Mutual Funds in India are primarily regulated by the Reserve Bank of India (RBI). How many of the statements given above are correct?
- A.Only one
- B.Only two
- C.Only three
- D.All four
उत्तर देखें
सही उत्तर: C
Statement 1 is correct. SEBI's mandate covers both the issuance of new securities (primary market) and the trading of existing securities (secondary market). Statement 2 is correct. The Forward Markets Commission (FMC), which regulated commodity derivatives, was merged with SEBI in 2015, leading to the repeal of the FCRA, 1952. Statement 3 is correct. Following the merger with FMC, SEBI now regulates the commodity derivatives market. Statement 4 is incorrect. Mutual Funds in India are primarily regulated by SEBI, not RBI. RBI's role is limited to certain aspects related to foreign exchange and banking operations of mutual funds.
3. In the context of Foreign Portfolio Investors (FPIs) in India, which of the following statements is/are correct? 1. FPIs are allowed to invest in both equity and debt instruments in the Indian capital market. 2. FPIs are required to register directly with the Reserve Bank of India (RBI) before investing in India. 3. The investment limits for FPIs in government securities are solely determined by the Ministry of Finance. Select the correct answer using the code given below:
- A.1 only
- B.1 and 2 only
- C.2 and 3 only
- D.1, 2 and 3
उत्तर देखें
सही उत्तर: A
Statement 1 is correct. FPIs are a significant source of foreign capital and are permitted to invest in a wide range of securities, including equity, debt, and derivatives, subject to prescribed limits. Statement 2 is incorrect. FPIs are required to register with SEBI through Designated Depository Participants (DDPs), not directly with RBI. RBI's role comes into play for foreign exchange management aspects. Statement 3 is incorrect. While the Ministry of Finance is involved in policy, the investment limits for FPIs in government securities are primarily determined by the Reserve Bank of India (RBI) in consultation with the Government of India, considering macroeconomic stability and market conditions.