Market regulator SEBI (Securities and Exchange Board of India) has restructured its committee that advises the regulator on issues related to regulation and development of mutual fund industry.
The Committee is headed by former Chairman of SBI Janki Ballabh.
The Committee includes 15 members who are mandated to advise Sebi on issues related to regulation and development of mutual fund industry.
The Committee can also advice SEBI on disclosure requirements and measures required for change in the legal framework to introduce simplification and transparency in the mutual fund regulations.
The members of the Committee include representatives from various fund houses such as Birla Mutual Fund CEO A Balasubramanium, Tata Mutual Fund Chairman of the Board of Trustees(Independent Trustee) SM Datta and Edelweiss Mutual Fund CEO Vikaas M Sachdeva, among others.
The committee also consists representatives from government and media.