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Which of the following statements relating to SEBI (Index Providers) Regulations, 2024 is/are correct ?
1. These are applicable only to Index Providers that administer significant indices consisting of securities listed on a recognized stock exchange in India for use in the Indian securities market
2. The primary objective is to promote transparency and accountability in governance and administration of indices
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Explanation
The SEBI (Index Providers) Regulations, 2024, were notified to establish a regulatory framework for index providers in the Indian securities market.
- Statement 1 is correct: According to Regulation 3, these regulations apply specifically to index providers that administer significant indices consisting of securities listed on a recognized stock exchange in India. SEBI defines "significant indices" based on their usage as benchmarks for financial products or mutual fund schemes.
- Statement 2 is correct: The primary objective of these regulations is to promote transparency, accountability, and integrity in the governance and administration of indices. This framework aligns Indian market practices with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks to prevent manipulation and ensure the reliability of indices used in the Indian securities market.
SIMILAR QUESTIONS
Which of the following statements about the detailed corporate governance norms for listed companies issued in April 2014 by SEBI is/are correct ? 1. It provides for stricter disclosures and protection of investor rights, including equitable treatment for minority and foreign shareholders 2. Under the new norms listed companies are required to provide the option of facility of e-voting to shareholders on all resolutions proposed to be passed at general meetings Select the correct answer using the code given below :
With reference to the Human Development Report, 2021-22, which of the following statement is/are correct?
(1) India's rank on the Human Development Index has upgraded from 130 in 2020 to 132 in 2022.
(2) India's rank on the Human Development Index has stipped from 130 in 2020 to 132 in 2022.
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The Government of India on 12th June, 2013 enhanced the limit of foreign investments in government securities by 5 billion US dollar. In this regard, which of the following statements is not correct?
With reference to India, consider the following statements : 1. Retail investors through demat account can invest in 'Treasury Bills' and 'Government of India Debt Bonds' in primary market. 2. The Negotiated Dealing System-Order Matching' is a government securities trading platform of the Reserve Bank of India. 3. The 'Central Depository Services Ltd.' is jointly promoted by the Reserve Bank of India and the Bombay Stock Exchange. Which of the statements given above is/are correct?
Which of the following statements is/are correct ?
1. The orders issued by the Central Government from time to time as regards reservation, relaxation of the age limit and other concessions for the Scheduled Castes, the Scheduled Tribes, Ex-servicemen and other special categories of persons are not applicable to the Central Industrial Security Force.
2. The Director General may give relaxation in the eligibility criteria for recruitment to the post of Constable at the time of direct recruitment.
3. No relaxation can be made by the Director General in the medical criterion for recruitment even if it is in the interest of the Force and is considered not to be detrimental to the functioning of the Force.
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