What is SEBI and what is its role?
The SEBI is the regulatory authority established under
Section 3 of SEBI Act 1992 to protect the interests of the investors in
securities and to promote the development of, and to regulate, the securities
market and for matters connected therewith and incidental thereto.
What are the
various departments of SEBI regulating trading in the secondary market?
The following departments of SEBI take care of the
activities in the secondary market.
|
Sr.No.
|
Name
of the Department
|
Major Activities
|
|
1.
|
Market Intermediaries Registration and Supervision
department (MIRSD)
|
Registration, supervision, compliance monitoring and
inspections of all market intermediaries in respect of all segments of the
markets viz. equity, equity derivatives, debt and debt related
derivatives.
|
|
2.
|
Market Regulation Department (MRD)
|
Formulating new policies and supervising the
functioning and operations (except relating to derivatives) of securities
exchanges, their subsidiaries, and market institutions such as Clearing and
settlement organizations and Depositories (Collectively referred to as
‘Market SROs’.)
|
|
3.
|
Derivatives and New Products Departments (DNPD)
|
Supervising trading at derivatives segments of stock
exchanges, introducing new products to be traded, and consequent policy
changes
|
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