To educate and train investors and other stakeholders on capital market, Securities and Exchange Board of India is setting up a training institute on the outskirts of Mumbai, a top official has said.
The institute would have six different schools with various topics and train and educate investors on market, Sebi Chairman, M.Damodaran, said, interacting with the members of various associations in Coimbatore on Monday night.
"This institute will be the first of its kind in the world, run by a regulator," he said.
Wanting to make this as a 'model school,' the institute would have different programmes, including a PhD on capital market and on regulators, Damodaran said.
On the composition, he said 60 per cent of the facultly would be drawn from India and Sebi has tied up with some experts from the US and the United Kingdom, by which the investors would be moulded 'to work in a healthy market.'
Construction activities for the institute would soon commence.
Sebi also plans to hold seminars to update journalists, particularly deskpersons of financial newspapers on the happening in the capital markets, he said.
