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NISM Certifications · NISM-Series-VIII: Equity Derivatives · Legal and Regulatory Environment

Under the securities laws governing the Indian derivatives market, which body is the statutory regulator that approves the introduction of new derivative contracts on recognised stock exchanges?

SEBI is the statutory regulator that approves new derivative contracts on recognised stock exchanges. It regulates the securities market under the SEBI Act. RBI deals with banking and money markets, NISM only provides education and certification, and ICAI is an accounting body.

  1. ASecurities and Exchange Board of IndiaCorrect
  2. BReserve Bank of India
  3. CNational Institute of Securities Markets
  4. DInstitute of Chartered Accountants of India

Explanation

SEBI is the statutory regulator of the securities market and permits stock exchanges to introduce derivative contracts. RBI regulates banking and currency matters, NISM is an educational institute set up by SEBI, and ICAI is an accounting body.

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