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India's stock market regulator has expanded the pool of entities that can be registered as "social impact assessors" to include two new ones.
As the Times of India explains, a social stock exchange is a platform through which non-profit organizations and for-profit social enterprises can seek funds to create positive social impact.
The market regulator, the Securities and Exchange Board of India, had previously only recognized the Institute of Chartered Accountants of India as the agency that could be registered as a social impact assessor.
The new agencies are ICMAI Social Auditors Organization (ICMAI SAO) and ICSI Institute of Social Auditors (ICSI ISA), both of which have been approved by the National Institute of Securities Market.
The social impact assessors will have to clear a certification program conducted by the National Institute of Securities Market.
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