Regulators and Market Intermediaries
Regulators
SEBI, short for Securities and Exchange Board of India, is the regulatory body for the securities market in India. It was established in 1988 and given statutory powers in 1992 through the SEBI Act. The primary objective of SEBI is to protect the interests of investors in securities and to promote the development of the securities market in India.
SEBI has several important functions, including regulating the activities of stock exchanges, ensuring fair and transparent trading practices, promoting investor education and awareness, monitoring insider trading and fraudulent activities, and enforcing securities laws and regulations. It also has the power to investigate and impose penalties for violations of securities laws.
SEBI has been instrumental in transforming the Indian securities market over the years. It has introduced several reforms aimed at improving transparency, accountability, and efficiency in the securities market. Some of its notable initiatives include the introduction of electronic trading platforms, dematerialization of securities, and the implementation of corporate governance guidelines.
SEBI plays a crucial role in maintaining the integrity and stability of the Indian securities market, which is essential for attracting both domestic and foreign investments.