Markets regulator SEBI is gearing up for a major overhaul of its role, functions and organisational structure under a Project Shikhar. It is also looking to re-define its vision, mission and value statements. The impending changes, for which an independent global consultant Oliver Wyman has been roped in by SEBI, would help the capital markets watchdog enhance its focus on mobilising household savings into capital markets and strengthen its supervisory functions. SEBI's board has accepted the consultant's recommendations for overall of its functions, role and organisational set-up with a stronger workforce and greater IT resources, and the same are in the process of being implemented.