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    Question

    Consider the following statement about SEBI's market

    data advisory committee-: ┬а I. Identification of Segment-wise Data Perimeters, Data Needs and Data Gaps. ┬а II. The market data advisory committee will now have 20 members chaired by Vikram Limaye. ┬а III. It works with Industry Associations to facilitate smooth implementation of policies and regulations. ┬а Which of the above statement is/are not correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    Terms of reference of the Committee: ┬а (i) Recommendation of appropriate policy for access to securities market data for both transactions and disclosures. ┬а (ii) Working with IndustryAssociations to facilitate smooth implementation of policies and regulations. ┬а (iii) Identification of Segment-wise Data Perimeters, Data Needs and Data Gaps. ┬а (iv) Standardization of Data Definitions; Data Identification Logic (e.g. usage of uniform codes for identifying and storing data - Raw Data and Derived Data) and Data Validation Techniques (single source of truth, validation). ┬а (v) Recommendation of appropriate policy and operational framework to address standardization, integrity, sourcing, storing, transfer and publishing of data, including the adoption of global standards e.g. XBRL/ ISO/ FIX standards etc. for messaging and entity interface. ┬а (vi) Recommendation of appropriate regulations to ensure accountability, reporting and enforcement of data related policies.

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