SSC MTS EXAM

Detailed explanation-1: -The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.

Detailed explanation-2: -The exchange makes rules, regulations and bye-Laws with adequate provisions for investor protection, with the approval of the SEBI and thereafter strictly follows them. The exchange establishes a Clearing House within 6 months from the date of recognition.

Detailed explanation-3: -SEBI was established in 1988 under the Securities and Exchange Board of India Act, 1992. The organization protects investors’ interests in stock exchanges (equity), debt markets, mutual funds, and derivatives trading (futures & options). It protects investors against market fraud and malpractices.