Capital market regulator Sebi has reorganised its secondary market committee, which makes recommendations to the capital markets regulator on how to improve market safety, efficiency, and transparency.
According to the latest information available on the regulator's website, G Mahalingam, a former full-time member of Sebi, will now chair the 18-member advisory committee. The panel previously consisted of 17 members and was led by Sebi chairperson Madhabi Puri Buch. Members of the panel include CEOs of stock exchanges and depositories, representatives of various stakeholders, and top Sebi officials, in addition to Mahalingam.
Nithin Kamath, cofounder and CEO of Zerodha; Dhiraj Relli, MD and CEO of HDFC Securities; Jaideep Hansraj, MD at Kotak Securities; Naresh Yadav, MD and CEO of SBICAP Securities; and Leo Puri, Chairman, JP Morgan, South & Southeast Asia, are also on the panel. The group provides advice to the regulator on secondary market issues, such as how to improve market safety, efficiency, and transparency.