Mumbai: Sebi has set up a local office at Guwahati in Assam as part of its efforts to educate and help investors in North Eastern states to have a better understanding of capital markets.
The market regulator established the new office under the administrative control of its Kolkata-based Eastern Regional Office, according to a notification issued on 27 August.
According to Sebi, the new office would cater to regulatory aspects of investor protection, investor education and other functions across the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.
Besides Assam, Sebi earlier this month also announced setting up of offices in Bengaluru, Karnataka and Jaipur, Rajasthan.
In March this year, Sebi’s board had approved opening of new local offices in Chandigarh, Indore, Bengaluru, Kochi, Patna, Bhubaneshwar and Jaipur.
Back in July 2011, the board had also decided to open a new Western Regional Office at Mumbai and three local offices in Hyderabad, Guwahati and Lucknow.
Sebi is looking to strengthen its regional offices since physical proximity of the regulator’s office to investors and intermediaries would promote deepening and broadening of the securities market.