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FPI Advisory Committee
Apex advisory committee that recommends on FPI policy matters to SEBI.
FPI Advisory Committee (‘FAC’)
FPI Advisory Committee is the apex advisory committee constituted by SEBI to provide recommendations and advise SEBI on policy matters relating to FPIs. The Committee is represented by eminent members across regulators, FPIs, Global and local custodian banks, Market Infrastructure Institutions (Exchanges, Depositories, Clearing Corporations) and academia. The members of the committee are:
| # | Members Details | Capacity |
|---|---|---|
| 1 | Shri. N S Vishwanathan, Deputy Governor (Retired), RBI | Chairman |
| 2 | Shri. Harun R Khan, Deputy Governor (Retired), RBI | Member |
| 3 | Ms. Dimple Bhandia, Chief General Manager, RBI | Member |
| 4 | Ms. Christina Fienga, Managing Director – Direct Custody and Clearing, J.P. Morgan | Member |
| 5 | Shri. Hitendra Dave, CEO, HSBC Bank Ltd | Member |
| 6 | Ms. Chew Hai Jong, Managing Director, GIC | Member |
| 7 | Mr. Simon Williams, Managing Director, Blackrock | Member |
| 8 | Shri. Bobby Parikh, Managing Partner, Bobby Parikh Associates | Member |
| 9 | Shri. Rushabh Maniar, Partner, AZB & Partners | Member |
| 10 | Prof. Dr.Nigam S. Nuggehalli, Registrar, National Law School of India University, Bengaluru | Member |
| 11 | Shri. Rajesh Gandhi, Partner, Deloitte Haskins & sells LLP | Member |
| 12 | Shri. Shashwat Alok, Assistant Professor, Indian School of Business | Member |
| 13 | Shri. Ashishkumar Chauhan, MD & CEO, National Stock Exchange of India Ltd | Member |
| 14 | Mr. Vijay Chandok, MD & CEO, National Securities Depository Ltd. (NSDL) | Member |
| 15 | Shri. Nehal Vora, Member, MD & CEO, Central Depository Services India Ltd. (CDSL) | Member |
| 16 | Shri. Vikram Kothari, Managing Director, National Securities Clearing Corporation Ltd. (NSCCL) | Member |
Terms of reference of the Committee:
- To advise on issues related to investments and operations of FPIs in the Indian financial markets, including measures to facilitate ease of doing business by FPIs in India;
- To review investment avenues available for FPIs and to advise on feasibility of new investment avenues;
- To advise SEBI on measures required to encourage FPI participation in the bond market;
- To advise SEBI on measures required, if any, in the legal framework for simplification of FPI regulations;
- To advise SEBI on measures required, if any, in the legal framework to enhance transparency;
- To advise SEBI on Custodian related matters pertaining to FPIs;
- To discuss any other issues pertaining to FPIs.