Sebi forms panel to meet technical challenges

Market regulator the Securities and Exchange Board of India (Sebi) today said it has established a Technical Advisory Committee headed by Indian Institute of Information Technology (IIIT) Professor S Sadagopan to meet technological challenges.

"Technological advancements have brought to the fore several challenges associated with use and adoption of technology in the securities market," the Sebi said in a statement.

In order to keep pace with advancements in technology, market dynamics, to protect interests of investors and to frame appropriate policies for effective implementation, the Sebi said there is a need to constitute a committee comprising technology experts to advise the regulator.

"Accordingly, it has been decided to set-up a Technical Advisory Committee under the chairmanship of S Sadagopan (IIIT, Bangalore)," the regulator said.

Other committee members are Indian Institute of Science Principal Research Scientist H Krishnamurthy, Indian Institute of Technology (Chennai) Professor Ashok Jhunjhunwala, independent IT consultant Anil Agarwal, and independent consultant Vibhakar Bhushan.