Reconstituted of the ‘Market Committee on Fair Market Conduct’ by SEBI

SEBI constitutes “Committee on Fair Market Conduct”

Question: How many members are there in the ‘Market Committee on Fair Market Conduct’ reconstituted by SEBI?
(a) 14
(b) 15
(c) 13
(d) 11
Answer- (b)
Related Facts:

  • On October 25, 2017, the market regulator, Indian Securities and Exchange Board (SEBI) reconstituted the ‘Market Committee on Fair Market Conduct’.
  • Former Law Secretary T.K. Viswanathan has been elected as Chairman of the Committee.
  • There are 15 members in this committee, including Ashish Kumar Chauhan of Bombay Stock Exchange and Vikram Lima of National Stock Exchange.
  • The committee is tasked with suggesting “short term and medium term measures for improved surveillance of the markets as well as issues of high frequency trades, harnessing of technology and analytics in surveillance”.

Reference:
https://timesofindia.indiatimes.com/business/india-business/sebi-restructures-expert-panel-on-fair-market-conduct/articleshow/61218830.cms
http://indiatoday.intoday.in/story/sebi-restructures-expert-panel-on-fair-market-conduct/1/1074895.html