Gkseries.com

Govt to introduce single Securities Markets Code

Govt to introduce single Securities Markets Code

While presenting the Union Budget 2021-22 in Parliament, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that the Government will consolidate the provisions of SEBI Act, 1992; Depositories Act, 1996; Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationalised single Securities Markets Code.

Daily Current Affairs Quiz 2021

The Government will support the development of a world class Fin-Tech hub at the GIFT-IFSC.

In order to instill confidence amongst the participants in the Corporate Bond Market during times of stress and to generally enhance secondary market liquidity, Union Budget 2021-22 proposes to create a permanent institutional framework.

With an objective to provide protection to the investors, the Finance Minister proposed to introduce an investor charter as a right of all financial investors across all financial products.

To establish a system of regulated gold exchanges in the country, SEBI will be notified as the regulator and Warehousing Development and Regulatory Authority will be strengthened to set up a commodity market eco system arrangement.

Exit mobile version