24
Financial Regulation
Chapter Objectives
This chapter will enable you to develop an understanding of the following:
Regulation of the capital market
Role and functions of the SEBI
Role and functions of the Reserve Bank of India
REGULATION OF THE CAPITAL MARKET
The securities market is regulated by various agencies such as the Department of Economics Affairs (DEA), the Department of Company Affairs (DCA), the Reserve Bank of India (RBI), and the SEBI. The activities of these agencies are coordinated by a high level committee on capital and financial markets. The High Level Co-ordination Committee for Financial Markets (HLCCFM) discusses various policy level issues which require inter-regulatory coordination between the regulators in ...
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