Adhlakshmiiiiiiiiiiiiiiiiiiiiii-FMS.pptx

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1. REGULATION OF INTERMEDIARIES IN CAPITAL MARKET INTERMEDIARY FUNCTION REGULATION BY SEBI Stock Brokers & Sub-Brokers Facilitate buying/selling of securities on stock exchanges Must register with SEBI; follow code of conduct; capital adequacy norms Merchant Bankers Manage IPOs, issue of securities, corporate advisory SEBI (Merchant Bankers) Regulations, 1992 Portfolio Managers Manage investments on behalf of clients Registration & compliance under SEBI (Portfolio Managers) Regulations Depositories & Participants Hold securities in electronic form, enable dematerialization Governed by SEBI (Depositories & Participants) Regulations Credit Rating Agencies Assess creditworthiness of securities & issuers SEBI (Credit Rating Agencies) Regulations, 1999

2. REGULATION OF INTERMEDIARIES IN CAPITAL MARKET INTERMEDIARY FUNCTION REGULATION BY SEBI Mutual Funds & AMCs Pool funds and invest in diversified securities SEBI (Mutual Funds) Regulations, 1996 Investment Advisors Provide financial advice to investors SEBI (Investment Advisers) Regulations, 2013 Research Analysts Publish reports & recommendations on securities SEBI (Research Analysts) Regulations, 2014 Custodians & Registrars Safekeeping of securities & record keeping for investors SEBI (Custodian of Securities) & (Registrars to Issue & Share Transfer Agents) Regulations