Page 59 - DMGT512_FINANCIAL_INSTITUTIONS_AND_SERVICES

Financial Institutions and Services Rupesh Roshan Singh, Lovely Professional University

Notes Unit 5: Securities and Exchange Board of India

CONTENTS
Objectives
Introduction

5.1 SEBI Functions and Responsibilities
5.2 Guidelines
5.3 Types of Exchanges

5.3.1 National Exchange
5.3.2 Regional or Local Stock Exchange
5.4 BSE Derivative Trading
5.5 BSE Indices
5.6 Commodity Exchange

5.7 Summary
5.8 Keywords
5.9 Self Assessment

5.10 Review Questions
5.11 Further Readings

Objectives

After studying this unit, you will be able to:
Know the guidelines
State the types of exchanges

Identify national exchange
List the regional exchange or local stock exchange

Introduction

SEBI is the Regulator for the Securities Market in India. The Securities and Exchange Board of
India was established in 1988 and was given the statutory status on April, 1992 in accordance
with the provisions of the Securities and Exchange Board of India Act, 1992.

The Preamble of the Securities and Exchange Board of India describes the basic functions of the
Securities and Exchange Board of India as:
"…..to protect the interests of investors in securities and to promote the development of, and to regulate the
securities market and for matters connected therewith or incidental thereto".

54 LOVELY PROFESSIONAL UNIVERSITY