Why in news?
- The index provider shall be a legal entity incorporated under the Companies Act in the country of origin and should have a minimum net worth of Rs 25 crore.
- The proposed regulation shall apply to index providers of both domestic and foreign.
- The index providers must be assessed by independent external auditors to evaluate adherence to International Organization of Securities Commissions (IOSCO) principles once in two years.
What is IOSCO?
- Established in 1983, it is the international body that brings together the world’s securities regulators and is recognized as the global standard-setter for the securities sector.
- It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.
- There are three categories of members: Ordinary, Associate and Affiliate.
- Recently, the International Financial Services Centres Authority (IFSCA)has become an associate member of this organisation.
Q1) What is the function of IOSCO?
IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation.
Source: Sebi proposes regulatory framework for index providers
Last updated on Sep, 2026
→ UPSC 2027 Notification will be released on 13 January 2027 at upsconline.nic.in.
→ Check out the latest UPSC Syllabus here.
→ Download UPSC Model Answers for Mains 2026
→ UPSC Mains Question Paper 2026 is out now for Essay & GS Paper 1, 2, 3 & 4.
→ UPSC Calendar 2027 has been released.
→ Enroll in Vajiram & Ravi’s UPSC Mains Test Series 2027 for structured answer writing practice, expert evaluation, and exam-oriented feedback.
→ Join Vajiram & Ravi’s UPSC Mentorship Program 2027 for personalized guidance, strategy planning, and one-to-one support from experienced mentors.
→ Go through the UPSC Mains Previous Year Papers to enhance your preparation.
→ UPSC has released UPSC Toppers List 2025 with the Civil Services final result on its official website.
→ Also check Best UPSC Coaching in India
