Ring-fencing Investors Tops Sebi Board Meet - The New Indian Express

Ring-fencing Investors Tops Sebi Board Meet

Published: 20th March 2014 07:44 AM

Last Updated: 20th March 2014 07:44 AM

These programmes are run by the market monitor to create awareness among investors and ring-fence them from possible frauds like the ponzy schemes being run by fly-by-night operators.

Sebi has identified empowerment of investors, strengthening of enforcement and supervision framework and capacity building as among its core focus areas for 2014-15.

Investor awareness and education, enlarging the reach amongst the investors and potential investors through regional and local offices, manpower requirement and capacity building, enforcement actions and raising standards of supervision and enforcement in the marketplace are also among focus areas of Sebi.

The proposal for a hike in IPEF allocation, along with other efforts to help it execute its regulatory and investor protection functions, would be discussed at the Sebi board meeting scheduled for Thursday. This is likely to be its last meet in the current financial year ending March 31.

According to Sebi top brass, the expense towards various investor protection and education initiatives is estimated to be nearly `55 crore for next fiscal, Sebi may seek board’s approval for additional funding for IPEF.

IPEF, set up by Sebi, had a corpus of `35 crore at the end of January 2014. Besides to ensure adequate funds are at its disposal, Sebi plans to request the government to allocate funds from IEPF.

The proposal that focuses mainly on investor awareness and protection, for next financial year would be placed before the board, which is also likely to discuss proposals aimed at bolstering financial resources of Sebi.

The Sebi board is also expected to consider a significant revision in fee charges from various entities so as to meet expenses for its regulatory and investor-centric activities.

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