Listen to this article
SEBI has constituted a committee called Intermediary Advisory Committee (IAC) to suggest measures for improving efficiency of market intermediaries like brokers, investment advisors, research analysts, KYC registration agencies and so on.
The 21-member committee will be headed by S Ravindran, former ED of SEBI.
Mumbai RIA and Chairman of Association of Registered Investment Advisors (ARIA) Vivek Rege is the member of the SEBI committee.
Among other representation from the industry is Lalit Keshre, Co-Founder and CEO, Nextbillion Technology (Groww)
Let us look at the complete list:
|
Members |
Designation |
|
S Ravindran |
Former ED, SEBI |
|
Aditya Bagree |
MD and Head of Markets, Citigroup |
|
Anand Rajeshwar Baiwar |
ED, SEBI |
|
Ashish Chauhan |
MD and CEO, NSE |
|
Ashok Dhere |
Lokmanya Seva Sangh |
|
Deepak Jasani |
Head (Retail), HDFC Securities |
|
Jeevan Sonparote |
CGM, SEBI |
|
Lalit Keshre |
Co-Founder and CEO, Nextbillion Technology |
|
Lalit Mundra |
Chairman, BBF |
|
Narendra Wadhwa |
President, CPAI |
|
Nithin Kamath |
Founder and CEO, Zerodha |
|
Ravichandra Hegde |
Senior Partner, RHP Partner |
|
RV Subrahmanyam |
Chairman, RAIN |
|
Shruti Rajan |
Partner, Trilegal |
|
Sundararaman Ramamurthy |
MD and CEO, BSE |
|
Sunil Alvares |
MD and CEO, CDSL |
|
Surendra Rashinkar |
Head BSE Administration and Supervision Limited |
|
Uttam Bagri |
MD BCB Brokerage |
|
Vijay Mehta |
President ANMI |
|
Vineet Virmani |
Professor, IIM Ahmedabad |
|
Vivek Rege |
Chairman, ARIA |
The committee will be responsible for:
- Suggesting regulation of intermediaries
- Improving market safety, efficiency, transparency and integrity
- Taking note of emerging trends in the intermediary space
- Suggesting legal framework and measures to strengthen systems and processes
