Sebi initiates step to commission studies on market issues

MUMBAI: Market regulator Sebi has initiated a fresh round of proposals to commission studies on various issues of stock market.

In a statement today, the Securities and Exchange Board of India (Sebi) said it has invited research proposals from individual academicians/economists/researchers (external experts) for the regulator's Development Research Group (DRG)-II studies.

The first round of study (DRG-I) has been successfully completed and have been published in respect of topics like foreign investment in Indian government bond market, impact of increased derivatives trading on price discovery, earnings management in India and penetration of mutual fund industry in the country.

The study is an initiative by Sebi's Department of Economic and Policy Analysis and is aimed to undertake "extensive policy research to analyse the existing policies from an academic perspective as well as to suggest new policy alternatives, essentially on subjects contributing clarity and solutions to challenges" faced by the regulator.

The applicant should have more than 15 years of experience in the field of teaching/research experience in economics or finance (preferably securities market).

The candidates would be shortlisted on the basis of the research proposal of not more than 1,500 words and detailed curriculum vitae along with list of publications.

The application should reach Sebi latest by June 20 and the commencement of the studies would be from August 1 and should be completed within 6-8 months.

Sebi said that an amount of Rs 3.5 lakh would be awarded to the external expert on the publication of the study by the regulator.