Centre to seek passage of Securities Market Code for new regulatory framework; more reforms likely in monsoon session | Company Business News

Securities Market Code

The code will substitute three legal guidelines—the Securities Contracts (Regulation) Act, a seven-decade-old legislation, the Securities and Change Board of India Act, a more than three-decade-old legislation, and the Depositories Act, one other three-decade-old legislation. It proposes a principle-based reasonably than a extremely prescriptive regulatory framework to cut back the compliance burden and to enhance regulatory governance.