CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is the Narasimham Committee. The SEBI was given statutory recognition in 1992 on the recommendation of the Narasimham Committee. The Securities and Exchange Board of India (SEBI), was initially constituted on April 12, 1988.

Detailed explanation-2: -The SEBI, established under the SEBI Act, is the apex regulatory body for the securities market. Besides regulation, the SEBI’s mandate includes responsibilities for ensuring investor protection and promoting orderly growth of the securities market.

Detailed explanation-3: -Securities and Exchange Board of India (SEBI) has restructured its panel on market data that recommends policy measures pertaining to areas like securities market data access & privacy. The panel will now be chaired by M S Sahoo, former chairperson, Insolvency and Bankruptcy Board of India (IBBI).

Detailed explanation-4: -What is SEBI and what is its role? The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.