SEBI Proposes One Statement for All Financial Assets
Why in the news
SEBI wants households to see every financial holding in one place, a plan needing several regulators.
Key facts
- Proposal: single statement across markets, by chairman Tuhin Kanta Pandey.
- Present: depositories show combined holdings only within securities markets: equities, debt, mutual funds.
- Onboarding: KRAs could supply supplementary AOF data, cutting repeat paperwork and giving clean, verified data.
- Oversight: stronger governance and risk checks for top 2,000 listed firms; reviews of mutual fund, broker and listing rules continue.
Exam angle
- AOF: account opening form; KRA: KYC registration agency.
- Forum: inter-regulatory forum.