(NISM)

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.

  • Name: Ms. Harini Balaji
    Designation: Senior Consultant, AZB & Partners

    A career in Regulatory Governance with the Securities and Exchange Board of India for over 26 years. Have worked primarily in policy initiatives in areas of fund management, corporate restructuring, primary market, listing, governance, secondary market, debt and Hybrid securities. Also worked extensively in the enforcement areas of Surveillance and Investigation.

    In her role as team leader in the funds department, to bring about balance in the fund industry that has grown exponentially, spearheaded a data driven phase-wise implementation of rationalization of costs, commissions and disclosures. Initiated developmental policy initiatives to increase investment avenues for the fund industry. Framed a comprehensive inspection framework on adopting enhanced ‘Risk based supervision’ for inspection of MFs which included inter alia, parameters for assessing Risk factors and Impact factor of MFs, methodology for computing supervisory risk rating scores, frequency of inspection – more risky, more frequent inspection.

    In her earlier roles in SEBI, have been instrumental in bringing in the Regulations on listing obligation and disclosures; implemented various policy measures related to trading of securities on the Stock Exchange and administration of depositories; worked extensively on process, norms and governance of Delisting and its consequential impact on stakeholders; worked on various operational issues in takeovers, mergers and acquisitions including policy initiatives.

    She is a graduate in commerce and Law with an MBA.

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