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The Social Stock Exchange Report – What it means, and why it matters

11th August 2020
The Social Stock Exchange Report – What it means, and why it matters
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All you need to know about SEBI’s report of the working group on Social Stock Exchange (SSE). The report is open for public comments till 15th August 2020.

To read the full report, click here. The comments to the report may be provided in the following format:

The comments may be sent to Smt. Yogita Jadhav, DGM at [email protected], and Shri Abhishek Rozatkar, AGM at [email protected].

Decoding the SSE Report

Read on for more details on the recommendations of SEBI’s working group on the SSE

I. Roopa Kudva, member of the SEBI working group on Social Stock Exchange, shares a simple guide on how NGOs can benefit from the recommendations of SEBI’s committee for a Social Stock Exchange in an op-ed which appeared in Mint.

“The committee hoped to do more than create a matchmaking platform for donors and non-profit and non-governmental organizations (NGOs). It took a holistic approach towards the overall development of the social sector, and so its recommendations cover a broad range of areas”

To learn more, read the full op-ed here.

II. In a three-part series for BloombergQuint, Indradeep Ghosh and Deepti George of Dvara Research, help decode important recommendations of the Social Stock Exchange report.

i) “The Social Stock Exchange report, prepared by a SEBI-appointed Working Group, envisions a paradigm shift for the social sector ecosystem and especially for non-profit organisations. The key objective of such an exchange will be to unlock large pools of capital and their channelling through scalable instruments and structures to NPOs.”

To know more about how organisations can unlock new pools of capital, read the full blog here.

ii) “One of the main hurdles that non-profit organisations (NPOs) face in securing financing from a wide variety of sources is the lack of robust information about their activities. To mitigate this problem, the establishment of a Social Stock Exchange (SSE) will prompt all NPOs that access capital through it, to submit to a minimum reporting standard. In this article, they describe what is to be gained by NPOs conforming to the standard – namely, access to finance in a variety of forms, owing to the higher quality of information that will now be available to funders.”

To know more on the new funding avenues for NPOs, read the full blog here.

iii) “The majority of the recommendations in the Social Stock Exchange (SSE) report, prepared by a SEBI-appointed Working Group, are focused on non-profit organizations (NPOs). In this article, they direct our attention to the remainder of the recommendations, primarily designed to attract funders and NPOs onto the SSE platform. The working group has also devoted a chapter in the report to for-profit enterprises, and they briefly discuss them in this article as well.”

To know more on the tax and policy recommendations proposed in the report, read the full blog here.

Why the Social Stock Exchange Matters for the Non- Profit Sector

The Centre for Social Impact and Philanthropy (CSIP) and Omidyar Network India hosted a discussion on the Social Stock Exchange working group’s recent report and how this concept could provide additional funding opportunities for India’s nonprofits.

The discussion was attended by Amarjeet Singh, Executive Director, SEBI, Ishaat Hussain, Chair, SEBI working group on SSE, Roopa Kudva, member of the SEBI working group & MD, Omidyar Network India along with domain experts, Chetna Gala Sinha, Founder, Manndeshi Bank & Foundation, Geeta Goel, Country Head, Michael & Susan Dell Foundation, Noshir Dadrawala, CEO, CAP India, Samir Shah, Executive Vice Chair & Group President, Dvara Research, Dr Sanjay Patra, Founder, INDIAdonates, Sanjay Agarwal, Founder, DevelopAid, and Ingrid Srinath, Director, Centre for Social Impact and Philanthropy, Ashoka University.

You can watch the full video here.

Frequently Asked Questions about the Social Stock Exchange

If you have questions about the proposed SSE, do read the FAQs created by CIVIS which is available both in English and Hindi