Question
The Securities and Exchange Board of India (Sebi) has
mandated the registration of index providers managing "significant indices" based on securities listed in India to foster transparency in governance and administration of financial benchmarks in the securities market. When did Sebi notify the Sebi Index Providers Regulations?Solution
The Securities and Exchange Board of India (Sebi) notified the Sebi Index Providers Regulations, nearly a year after its board first approved the norms. These regulations mandate the registration of index providers managing "significant indices" based on securities listed in India to foster transparency in governance and administration of financial benchmarks in the securities market.
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