{"id":5352,"date":"2022-12-29T09:45:11","date_gmt":"2022-12-29T04:15:11","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=5352"},"modified":"2025-03-27T05:49:23","modified_gmt":"2025-03-27T00:19:23","slug":"regulatory-framework-for-index-providers","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/regulatory-framework-for-index-providers\/","title":{"rendered":"Regulatory framework for Index providers"},"content":{"rendered":"<h2><strong>Why in news?<\/strong><\/h2>\n<ul>\n<li>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.<\/li>\n<li>The proposed regulation shall apply to <strong>index providers of both domestic and foreign.<\/strong><\/li>\n<li>The index providers must be assessed by independent external auditors to evaluate <strong>adherence to International Organization of Securities Commissions (IOSCO)<\/strong> principles once in two years.<\/li>\n<\/ul>\n<h3><strong>What is IOSCO?<\/strong><\/h3>\n<ul>\n<li>Established in 1983, it is the international body that brings together the world&#8217;s securities regulators and is recognized as the global standard-setter for the securities sector.<\/li>\n<li>It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.<\/li>\n<li>There are three categories of members: <strong>Ordinary, Associate and Affiliate<\/strong>.<\/li>\n<li>Recently, <strong>the International Financial Services Centres Authority (IFSCA)<\/strong>has become an <strong>associate member<\/strong> of this organisation.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is the function of IOSCO?<\/h3>\n<p>IOSCO develops, implements and promotes adherence to internationally recognized standards for securities regulation.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/indianexpress.com\/article\/business\/market\/sebi-proposes-regulatory-framework-for-index-providers-8349585\/\" target=\"_blank\" rel=\"nofollow noopener\"><u>Sebi proposes regulatory framework for index providers<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IOSCO is the global standard setter that works with G20 &#038; FSB for securities markets regulation<\/p>\n","protected":false},"author":5,"featured_media":5353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5352","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=5352"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/5353"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=5352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=5352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=5352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}