Sebi rejigs committee on investor education and protection

Market regulator Sebi has revamped its advisory committee that provides suggestions on issues related to investor education and protection activities.
The Securities and Exchange Board of India (Sebi) had formed the advisory committee for 'Investor Protection and Education Fund (IPEF)' in 2009.
The committee is mandated to recommend investor education and protection activities that may be undertaken directly by the market regulator or any other agency, for utilisation of IPEF.
ICICI Bank Chairman K V Kamath is heading the eight-member committee which includes Sebi officials.
The committee comprises Sebi Executive Director Gyan Bhushan as well as Sebi Chief General Managers N Hariharan and V S Sundaresan.

Other members in the committee are retired IAS officer P K Ghosh, Indian Institute of Management (Ahmedabad) Professor Abraham Koshy, Communications Consultant Ramesh Narayan and Shri Mahila Sewa Sahkari Bank MD Jayashree Vyas.
Sebi had recently notified new norms that would allow it to utilise IPEF funds for the purposes of refund to aggrieved investors who have suffered losses due to irregularities in the capital markets.