Page 253 - DMGT515_PERSONAL_FINANCIAL_PLANNING

Personal Financial Planning T anima Dutta, Lovely Professional University

Notes Unit 14: Regulatory Environment

CONTENTS
Objectives
Introduction

14.1 Financial System, Markets and Services
14.2 Types of Regulations
14.3 Regulations on Banking and Financing Services
14.3.1 Banking Institutions
14.3.2 Non-banking Financial Companies
14.4 Regulations on Insurance Services
14.4.1 Brief History

14.4.2 Mission Statement of the IRDA
14.4.3 Duties, Powers and Functions of IRDA
14.5 Regulations on Investment Services
14.5.1 The Securities and Exchange Board of India (SEBI)
14.5.2 Mutual Funds
14.5.3 Venture Capital Financing
14.5.4 Portfolio Management Services
14.5.5 Stock Broking
14.6 Regulations on Merchant Banking and Other Intermediaries

14.7 Ethical Issues in Financial Planning
14.7.1 Uncharted Territory
14.7.2 Fees vs. Commissions
14.7.3 Sales vs. Advice
14.7.4 Bottom Line
14.8 Summary
14.9 Keywords

14.10 Review Questions
14.11 Further Readings

Objectives

After studying this unit, you will be able to:
Know about various types of regulators in Indian Financial Market;

Understand the role and functions of various government regulators such as SEBI, IRDA
and RBI;
Learn about the various ethical issues involved in financial planning.

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