Investment committee to submit report by Sep-end

The committee set up to look into the issue of regulating investment advice would submit its report to the government by the month end.

"The committee would submit the report by the end of the end of this month to the government," D Swarup, head of the committee, who is also an interim pension regulator, told PTI.

He added that the consultation paper on the report of the committee would be available in the public domain from tomorrow for feedback. A seminar to receive feedback from stakeholders including corporate houses, asset management companies, banks and other agents would be organised on September 9.

"We would also be inviting former SEBI chiefs and other regulators for their feedback on the consultation paper," Swarup said.

In March this year, the government had set up this committee to regulate investment advice given by various agencies and to create awareness among investors, necessary more after the global financial crisis.

"The issue of investor awareness and protection have been one of the main focus areas for regulators, the government and other stakeholders. The global financial crisis has further highlighted the importance of financial awareness. It was accordingly decided to set up a committee," the government had said in a release.