SEBI notifies Index Providers Regulations, 2024 to enhance transparency and accountability in Index Governance

SEBI has notified SEBI (Index Providers) Regulations, 2024. These regulations aim to provide a regulatory framework for Index Providers in the securities market to foster transparency and accountability in the governance and administration of Indices. The new norms include various definitions, provisions w.r.t registration of Index Providers, governance and conflict of interest, Index Quality and Methodology, accountability and disclosures etc. Further, it outlines miscellaneous provisions.