Panaji, Mar 15 (UNI) Securities and Exchange Board of India (SEBI) whole-time member T C Nair today said guidelines for setting up of a self regulatory organisation (SRO) would be in place in three months.
Addressing a media conclave here on 'Personal finance planning', Nair said SEBI was in discussion with other regulators on the issue of having only one SRO for various regulators in the financial market.
He said SEBI was of the view that a single SRO would be adequate as against a suggestion that has come forward for having multiple SROs. The segments included insurance, pension, mutual fund, besides the securities market.
Nair said there was a need for regulating advisors in these sectors.
UNI VK/JM OBB SKB1807