SEBI restructures its advisory committee on market data

Why in news?

• Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy.

About the restructured advisory committee

• Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI), as per the latest information with the regulator.
• The 20-member committee was earlier headed by Madhabi Puri Buch, ex-whole-time member of Sebi.
• Apart from Sahoo, the panel has CEOs of stock exchanges and depositories, representatives of various stakeholders and senior officials of Sebi as members.
• The scope of the work of the committee includes identifying segment-wise data perimeters, data needs and gaps, recommending data privacy and data access regulations applicable to market data.
• It is responsible for recommending appropriate policy for access to securities market data.
• In addition, the committee recommends standardization of data definitions; data identification logic (usage of uniform codes for identifying and storing data – raw data and derived data) and data validation techniques (single source of truth, validation).