SEBI Sets Up ALeRTS Committee for Early Detection of Market Anomalies
Moneylife Digital Team 14 December 2021
Market regulator Securities and Exchange Board of India (SEBI) has set up an advisory committee for leveraging regulatory and technology solutions (ALeRTS) to enhance technological capabilities and explore appropriate technology solutions for the early detection of market anomalies.
ALeRTS will be headed by Madhabi Puri Buch, former whole-time member (WTM) of SEBI, and have experts from various technology domains as members, the market regulator says.
According to SEBI, ALeRTS will recommend future roadmaps and improvements in the various ongoing technology projects. It will also guide SEBI in designing and framing requirements for the different in-house systems
Further, ALeRTS will guide SEBI in finding appropriate technology solutions and help ascertain the adequacy of suptech or regtech tools envisaged or proposed to be used in-house to improve its capabilities, the market regulator says in a release.
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