Working Group on Social Stock Exchanges - Shri Ishaat Hussain
SEBI constituted a working group on Social Stock Exchanges under the chairmanship of Shri Ishaat Hussain. The broad terms of reference for the Committee were to review and recommend: a) Possible structures and mechanisms, within the securities market domain, to facilitate raising of funds by social enterprises and voluntary organizations and b) Associated regulatory framework inter-alia covering the issues relating to eligibility norms for participation, disclosures, listing, trading, oversight etc. According to the report of the Working Group, the SSE can be housed within the existing stock exchanges such as the BSE and/or NSE. This will help the SSE leverage the existing infrastructure and client relationships of the exchanges to onboard investors, donors, and social enterprises (for-profit and non-profit). The SSE will have two primary roles: (a)To effectively deploy the fundraising instruments and structures available under the regulatory guidelines towards social enterprises and (b) To foster overall sector development by creating a capacity-building unit.
