SEBI Revamps advisory committee on mutual funds; Usha Thorat new head

SEBI Revamps advisory committee on mutual funds; Usha Thorat new head

• The Securities and Exchange Board of India (SEBI) has re-constituted its advisory committee on mutual funds that advises the capital markets regulator on matters related to regulation and development of mutual fund industry.
• The revamped advisory committee on mutual funds has 20-member and will be headed Usha Thorat, former deputy governor of Reserve Bank of India (RBI)
• SEBI had formed the panel in 2013. The earlier panel had 15 members and was headed by Janki Ballabh, former Chairman of SBI.
• Role of the advisory committee is to advise SEBI on
  • Issues related to regulation and development of mutual fund industry.
  • Disclosure requirements and measures required for a change in the legal framework to introduce simplification and transparency in mutual fund regulations.

Points to Remember:

1. Who will head the SEBI’s revamped advisory committee on mutual funds that advises Sebi on matters related to regulation and development of mutual fund industry?
2. How many members are there on the revamped panel?