NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Introduction to the Indian Financial Markets
Which entity in India is the regulator of the securities market and was given statutory powers by the SEBI Act, 1992?
The Securities and Exchange Board of India is the securities market regulator, given statutory powers by the SEBI Act, 1992. It protects investors and develops the market. The RBI, IRDAI and PFRDA regulate banking and money markets, insurance and pensions respectively, not the securities market.
- ASecurities and Exchange Board of IndiaCorrect
- BReserve Bank of India
- CInsurance Regulatory and Development Authority of India
- DPension Fund Regulatory and Development Authority
Explanation
SEBI was established as a statutory body under the SEBI Act, 1992 to protect investor interests and regulate and develop the securities market. RBI regulates banks and money markets, IRDAI insurance, and PFRDA pensions.
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