SEBI calls for single regulator for all collective schemes

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SEBI calls for single regulator for all collective schemes

by Ani 1:40 mins

SEBI calls for single regulator for all collective schemes

by Ani 1:40 mins

Chairman of Securities and Exchange Board of India (SEBI), Upendra Kumar Sinha on Wednesday suggested the setting up of a single regulator, which would keep a watch on schemes like chit funds, one of which defrauded millions of investors in West Bengal recently. Sinha's suggestion came at a public seminar of Asia Pacific Region Committee of IOSCO, an amalgamation of securities regulators from different parts of the world.

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