Question

    According to the regulations by the Securities and

    Exchange Board of India (Sebi), which of the following statements regarding the registration of global index providers is true?
    A All global index providers must register with Sebi, regardless of their indices' use as benchmarks by domestic asset managers. Correct Answer Incorrect Answer
    B Global index providers are exempt from registration with Sebi if their indices are used exclusively in a foreign jurisdiction. Correct Answer Incorrect Answer
    C Global index providers must register with Sebi if their indices are used as benchmarks by domestic asset managers with large corpus. Correct Answer Incorrect Answer
    D Global index providers are exempt from registration with Sebi if their indices are regulated by the Reserve Bank of India (RBI). Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the regulations by the Securities and Exchange Board of India (Sebi), global index providers may not have to register with Sebi unless their indices are used as benchmarks by domestic asset managers with large corpus. Indices that are for exclusive use in a foreign jurisdiction are excluded from registration. Benchmarks regulated by the Reserve Bank of India (RBI) are also excluded from these regulations.

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