Market regulator SEBI has extended the last date for submission of applications for securities market trainers (SMARTs) to November 6. These trainers will further the regulator's investor education program, with the increasing participation of retail investors in the capital market.
Earlier, the last date for submission of applications was 16 October.
The Securities and Exchange Board of India (SEBI) said that educated investors are 'protected investors'. In view of this, he wants to spread the investor education program to as many people as possible so that the investor can understand the securities market better and make a thoughtful decision.
In a public notice, the regulator said that the date for submission of applications for making a panel of trainers to eligible units is being extended to November 6.
Earlier, SEBI had invited applications from eligible entities to join SMARTS 'panel in September. It is believed that these trainers will run investor awareness programs for existing and potential investors. The topics of this program are likely to cover the basics of the securities market, the rights and accountability of investors, the risks and returns associated with investing in the market, including the grievance redressal mechanism.
These programs will be conducted in different regional languages besides Hindi and English. According to SEBI, the teachers to be included in the panel will conduct investor awareness programs in their respective districts so that investors of small and medium cities benefit from it.
The person should be a citizen and resident of India for the trainer He should be associated with organizations related to education in law, commerce, management, economics, financial markets. Entities registered as trusts or companies or societies can also apply for the role of a trainer.
Under other criteria, applicants should graduate from a recognized university with at least 50 percent marks. Also should have at least five years of experience working or teaching in the fields of law, commerce, management, economics, or financial markets education.