What is Market Regulator
Market Regulator is a body appointed mostly under an Act of Parliament to regulate one or several markets to ensure integrity. In India, we have specific authorities to regulate each sector to prevent overlapping. The main sectors are banking, securities, insurance and pension. In India, we have the following Regulators –
1.Reserve Bank of India
2.Securities and Exchange Board of India
3.Ministry of Finance
4.Ministry of Corporate Affairs
5.Insurance Regulatory Authority of India
6.Pension Fund Regulatory and Development Authority
The role and scope each regulatory authority will be discussed separately.
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