October 07 has finally triggered the race for the post of SEBI Chairman. As the search-cum-selection committee headed by Cabinet Secretary P K Sinha (IAS:1978:UP) sets out to pick up the next Chairman for the Securities and Exchange Board of India (Sebi), approximately 50 officials have thrown their hats in the ring. Prominent among them are former FMC Chairman Ramesh Abhishek (IAS:1982:BH); former Joint Secretary (Capital Market) Thomas Mathew; SEBI Member Rajeev Kumar Agarwal and Competition Commission of India Member M S Sahoo who had earlier served as a SEBI Member as well. The term of the incumbent, UK Sinha, is scheduled to end on February 17, 2016. Sinha (IAS:1976:BH) had assumed office as SEBI Chairman on February 18, 2011 for a period up to Feb 17, 2014, was later given a 2-year extension ending February 17, 2016. SEBI, the key capital market regulatory body, regulates stock exchanges, various market entities including brokers, mutual funds, FIIs, rating agencies and investment bankers, as also thousands of listed companies.