Translate

Wednesday, December 14, 2011

Regulations for financial advisors soon: SEBI member

The Securities and Exchange Board of India plans to soon come out with specific regulations for financial advisors, a top official has said.
“We have received detailed responses from various stakeholders. It is difficult to give exact timeline when the regulations will be issued. It will come out shortly… we have to build consensus,” Mr Prashant Saran, Whole-Time Member, SEBI, told reporters on the sidelines of Assocham's mutual fund summit here on Tuesday.
He was replying to queries on the status of the proposed regulations for financial advisors. Regulations to govern financial advisors have been under consideration for some years now.
Earlier in his address at the summit, Mr Saran underscored the need for re-modelling the financial education efforts in such a manner that clear roles are made out for each player in the system. He highlighted that manufacturers of financial products had huge role to play in financial education.
The overall function of defining the content and strategy for bringing about financial literacy should be the job of the financial stability and development council (FSDC), Mr Saran noted.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 12
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.1% 0.3% -0.2% Revised from -0.4%
18:00 Producer Price Index ex Food & Energy (YoY) 3 3.0% 3.1% 3.2% Revised from 3.1%
18:00 Producer Price Index (MoM) 2 0.1% 0.2% -0.2% Revised from -0.5%
20:00 EIA Natural Gas Storage Change 1 109B 108B 122B
21:00 4-Week Bill Auction 1 4.08% 4.17%
21:30 USDA WASDE Report 1
22:30 30-Year Bond Auction 1 4.819%
Friday, Jun 13
04:00 Business NZ PMI 2 53.9
14:00 Consumer Inflation Expectations 2 3.4%
18:00 Manufacturing Sales (MoM) 1 -2.0% -1.4%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener