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The Securities and Exchange Board of India (SEBI) set up an ad-hoc expert committee

Published on June 06, 2024
Current Context: The Securities and Exchange Board of India (SEBI) set up an ad-hoc expert committee on June 3, 2024. The committee is known as the Ad-hoc Expert Committee to Review Ownership and Economic Structure of Clearing Corporations.
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
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