%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(4).png "The Securities and Exchange Board of India (SEBI) set up an ad-hoc expert committee")
- The committee was formed in response to the substantial growth of Indian securities markets in recent years and the importance of clearing corporations as central risk management institutions.
- The committee is chaired by Usha Thorat, former Deputy Governor of the Reserve Bank of India (RBI).
- The committee’s tasks include:
- Reviewing the ownership structure and finances of clearing corporations.
- Examining the feasibility of broadening the list of eligible investors who are allowed to take shareholding in a clearing corporation.
- Suggesting categories of investors who can acquire stakes in such corporations.
- Examining the need to alter the caps on the shareholding of various entities in a clearing corporation.
- Suggesting the shareholding pattern of a clearing corporation suited to an inter-operable environment.
- Examining the shareholding structures of other clearing corporations globally.
- The committee will also suggest alternatives towards achieving an optimum financial structure for a clearing corporation which ensures its financial independence and sustenance as a robust going concern.
Question:
1 Who is the chair of the Ad-hoc Expert Committee to Review Ownership and Economic Structure of Clearing Corporations?
- A) Raghuram Rajan
- B) Usha Thorat
- C) Shaktikanta Das
- D) Urjit Patel
