Last summer the US Securities and Exchange Commission or the SEC began considering whether it should classify index providers as investment advisors. Sebi has noticed the tide changing and wants oversight over indices too. The proposal is still in consultation but you can see why Sebi wants to get his hands dirty. And bear in mind Sebi's move could also have global implications.
In today’s episode for 9th January 2023, we explain why SEBI, India’s capital markets regulator, wants to have more oversight over stock market indices.