SEBI releases significant index list; BSE, NSE, CRISIL gauges included

Capital market regulator SEBI on Monday notified a new regulatory framework for index providers, listing as many as 47 significant indices including those from stock exchanges BSE and NSE and credit rating agency CRISIL. The regulator's move is aimed at enhancing governance and promoting transparency in market indices.

Here are key things to know about this big development:

SEBI has formally defined significant indices under the framework.

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Its list includes mutual fund gauges in the Rs 20,000 crore and above assets under management (AUM) category.

Indices will qualify for this list on the basis of the daily average AUM of the last six months.

Under the framework, index providers will be required to register with the regulator within the next six months.

SEBI has issued a draft circular in this regard after detailed discussions with mutual fund industry body AMFI.

It has sought public comments on its key proposals. Comments are invited until February 10.