Securities and Exchange Board of India

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Securities & Exchange Board of India
SEBI.gif
Founded 1992
Headquarters Mumbai
Key People Chairman C. B. Bhave
Website http://www.sebi.gov.in

The Securities & Exchange Board of India (SEBI) has since 1992 regulated that country's financial markets focusing on investor protection in much the same way that the Securities and Exchange Commission (SEC) regulates U.S. markets. SEBI also regularly releases closely watched investment data about the Indian financial markets.

History

SEBI was established on Apr. 12, 1992 following passage of the Securities and Exchange Board of India Act.[1] The Act aimed "to provide for the establishment of a board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected," according to its preamble.[2] SEBI's nine-member board currently includes high-ranking members of India's Ministry of Finance, Ministry of Corporate Affairs and Reserve Bank.[3]

In early September of 2009, it was announced that SEBI was considering the issue of setting up an exchange for small and medium enterprises (SMEs).[4]

Also in early September of 2009, SEBI announced it would allow the Madras Stock Exchange (MSE) to let its members trade on the National Stock Exchange (NSE) platform in the equity derivatives segment.[5]

In June of 2019, SEBI began allowing Indian exchanges to launch futures trading in commodity indices, enabling further mutual fund and institutional participation in commodity exchanges. This permission was seen as a step towards commodity market reform in line with the transformation witnessed in the Indian equity market. Exchanges that wish to start commodity indices futures trading are required to submit the past three years' data of the index constructed along with data on monthly volatility, roll-over yield for the month and monthly return.[6]

Key People


References

  1. About SEBI. SEBI.
  2. The Securities And Exchange Board Of India Act, 1992. SEBI.
  3. Board Members. SEBI.
  4. Exchange for SMEs being discussed: CB Bhave. Business Standard.
  5. SEBI Allows MSE Members To Trade On NSE Platform. The Hindu.
  6. SEBI allows futures trading in commodity indices. The Hindu BusinessLine.