SEBI Chairman UK Sinha allayed fears of crisis at the parent group of MCX-SX spilling over to the bourse saying that the troubled Financial Technologies India Ltd- promoted stock exchange is ring-fenced from other group firms. Speaking on the sidelines at a function in Mumbai yesterday, he clarified that the promoters of MCX and the crisis-hit spot exchange NSEL are also promoters of a stock exchange MCX-SX that SEBI regulates. Sinha said since SEBI is worried about risk management it has also verified the collaterals and other securities required for this settlement, good governance and for instilling confidence in the market. On the new disclosure norms for Mutual Funds, Sinha said the regulator is not asking for extra disclosures but only trying to plug the loopholes which were rampant.On the progress made on the setting up of self-regulatory organizations for the Mutual Fund industry, Sinha said SEBI has so far received three applications from Asset Management Company's distribution side.