Madhubi Puri Buch becomes 1st women to be appointed as SEBI chairperson.

Why in news?

• The Appointments Committee of the Cabinet (ACC) has approved the appointment of Madhabi Puri Buch as the Securities and Exchange Board of India (SEBI) chairperson for an initial period of three years from 1st March 2022.
• She will be the 1st woman to head the SEBI, securities market regulator and she is also the 1st person from the private sector to head SEBI and also 1st non-IAS to be appointed as the SEBI chairman.
• She will be the 10^th chair of the board.
• She succeeds Ajay Tyagi, who served as a chairman for 5 years. His tenure ends on 28th February 2022.
• Her tenure as a whole-time member of SEBI ended in October 2021.

About Securities and Exchange Board of India (SEBI):

• Establishment – 12th April 1992 (In accordance with SEBI Act, 1992) and headquartered at Mumbai, Maharashtra.