Securities and Exchange Board of India (SEBI)
Overview
The Securities and Exchange Board of India (SEBI) is the regulator for the securities market in India. It was established in 1988 and is headquartered in Mumbai.
Primary Objectives
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Investor Protection: SEBI’s primary objective is to protect the interests of investors in the securities market.
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Market Development: SEBI aims to promote the development of the securities market.
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Regulation: SEBI regulates the activities of stock exchanges, mutual funds, and other intermediaries in the securities market.
Key Responsibilities
SEBI must be responsive to the needs of three main groups that constitute the market:
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Issuers of Securities: Companies that issue shares or securities to raise capital.
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Investors: Individuals or institutions that invest in the securities market.
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Market Intermediaries: Entities that facilitate transactions in the securities market, such as brokers, asset management companies, and credit rating agencies.