‘Significant Indices’ under SEBI (Index Providers) Regulations, 2024

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.... of Indices in the securities market. 2. Regulation 3(1) of IP Regulations states as follows: "These regulations shall be applicable only to Index Providers that administer Significant Indices consisting of securities listed on a recognized stock exchange in India for use in the Indian securities market." 3. Further, Regulation 2(1)(u) of IP Regulations defines 'Significant Indices' as follows: "Indices administered by an Index Provider, which are tracked or benchmarked by domestic mutual fund schemes with the cumulative assets under management exceeding the limits as may be specified from time to time. Explanation: The list of 'Significant Indices' shall be specified by the Board from time to time" 4. In....

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.... notified by RBI as 'Significant Benchmarks' under relevant directions issued by RBI under Section 45W of the RBI Act, 1934; or b. Indices classified by RBI as 'Authorized Benchmarks' under relevant directions issued by RBI under Section 45W of the RBI Act, 1934 8. An Index Provider providing 'Significant Indices' as on the date of this circular, may continue to carry on its Index Provider activity, provided it submit an application for registration as an Index Provider to SEBI within a period of six months from the date of this circular. 9. If an entity registered with SEBI in any other capacity, also provides 'Significant Indices' by undertaking Index Provider activities departmentally, shall be required to form a separate ....

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....ervices Pvt. Ltd. 5 BSE Healthcare BSE Index Services Pvt. Ltd. 6 BSE India Infrastructure BSE Index Services Pvt. Ltd. 7 BSE 150 Midcap  BSE Index Services Pvt. Ltd. 8 BSE Sensex BSE Index Services Pvt. Ltd. 9 BSE Teck BSE Index Services Pvt. Ltd. 10 CRISIL Hybrid 35+65 - Aggressive  CRISIL 11 CRISIL Hybrid 50+50 - Moderate  CRISIL 12 CRISIL Liquid Debt A I  CRISIL 13 CRISIL Liquid Overnight  CRISIL 14 CRISIL Low Duration Debt A-I  CRISIL 15 CRISIL Money Market A-I  CRISIL 16....