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SEBI Restructures Advisory Panels

Published on December 01, 2022
Current Context: The Securities and Exchange Board of India (SEBI) restructured its advisory committees regarding Foreign Portfolio Investors (FPIs) and Social Stock Exchange.
SEBI Restructures Advisory Panels
  • The former Finance Secretary, Hasmukh Adhia, was chosen as the head of the 16-member FPI Advisory Committee that was earlier chaired by K V Subramanian.
  • The Managing Director of GIC, Chew Hai Jong, and the Managing Director (Direct Custody and Clearing) of JP Morgan, Michael Drumgoole were inducted into the FPI Advisory Committee.
  • The Chairperson of GRAAM, R Balasubramaniam, was chosen as the head of the 18-member Social Stock Exchange Committee that was earlier chaired by Ishaat Hussain.
  • The CEO of SFIS, Anil Kumar SG; the Global Head (Sustainability) of HCL Tech, Santosh Jayaraman; the CEO of GuideStar India, Pushpa Aman Singh; and the MD at BIL Ryerson Technology Startup Incubator Foundation, Hemant Gupta were inducted into the Social Stock Exchange Committee.
  • SEBI is a Government of India-owned regulatory body that was established in 1992 with its headquarters in Mumbai. The current Chairperson of the body is Madhabi Puri Buch.

Question:

Q.1 Who among the following was appointed as the head of the FPI Advisory Committee by SEBI?
a. Hasmukh Adhia
b. Chew Hai Jong
c. R Balasubramaniam
d. Hemant Gupta

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