Indian Stock Market regulator SEBI (Securities and Exchange Board of India) recently said it has established a local office in Hyderabad, as part of its plan to decentralise work to regional offices.
The Board has established its Local Office at Hyderabad under the administrative control of its Southern Regional Office at Chennai, SEBI said in a notification.
The new office would cater to regulatory aspects of investor protection, financial as well as investor education & such other functions as may be assigned from time to time.... its (local office) role and responsibility shall extend to the areas falling under the territorial jurisdiction of the State of Andhra Pradesh, SEBI said
Last week,Mumbai - headquartered SEBI had opened its local office Lucknow. Last year,the regulator SEBI had established offices in cities such as Jaipur, Bangalore and Guwahati.
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