Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Live: Exclusive: FM's post-Budget interview

Sebi overhauls advisory panels on FPIs, social stock exchange

Chew Hai Jong, Managing Director at GIC, and Michael Drumgoole, Managing Director – Direct Custody and Clearing at JPMorgan, are the new inductees, an update with the Securities and Exchange Board of India (Sebi) showed.

November 29, 2022 / 03:54 PM IST
Representative image (Source: ShutterStock)

Representative image (Source: ShutterStock)

Capital markets regulator Sebi has restructured its advisory committees pertaining to foreign portfolio investors (FPIs) and social stock exchange.

Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel. It was earlier headed by K V Subramanian, former chief economic adviser to the government of India.

Chew Hai Jong, Managing Director at GIC, and Michael Drumgoole, Managing Director – Direct Custody and Clearing at JPMorgan, are the new inductees, an update with the Securities and Exchange Board of India (Sebi) showed.

Earlier, Madhav Kalyan of JPMorgan Chase Bank, was part of the 15-member committee formed by Sebi in August.