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Surveillance mechanism to aid investors

india Updated: May 15, 2011 21:32 IST

Market regulator Sebi has proposed to put in place a business intelligence gathering mechanism with an aim to enhance its surveillance and protect investors' interest.

"Surveillance is a vital link in the chain of activities performed by the regulator to protect investors and develop the markets," Sebi said.

It plans to put in place a Data Warehousing and Business Intelligence System to increase effectiveness of its surveillance mechanism at a cost of about Rs 18 crore this fiscal. It is expected to generate reports that will better serve Sebi to identify, detect and investigate aberrations and market abuses that undermine market integrity, it said.

In 2011-12, the Sebi will have a focus on investor awareness and education, surveillance of markets and building HR capability as well as the market.