Industry Standards Forum to facilitate ease of implementation of regulations: SEBI

Last month, SEBI had proposed the formation of an Industry Standards Forum to facilitate capital formation in the economy and ease of doing business.

It said the forum will be formed by industry associations and chaired by an industry leader under the aegis of the stock exchanges. The forum would formulate standards for implementation of specific regulations and circulars, based on feedback from industry and stakeholders, in consultation with SEBI.

The regulator said associations have indicated a timeline of three to four months to design the standards for effective implementation of requirements of the four areas.

The three industry associations – ASSOCHAM, CII and FICCI – have nominated their representatives for the pilots and agreed on the broad architecture of the forum and are in the process of selecting a chairperson for the same, SEBI said.