Markets regulation: Sebi proposes ‘Significant Indices’ framework; aims to tighten governance of index providers

The Securities and Exchange Board of India is proposing new rules for ‘Significant Indices’. These are indices used by mutual funds with over Rs 20,000 crore in assets. The move aims to boost governance and transparency in the market. Index providers will need to register with Sebi. Public comments are invited until January 30.