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About the Division

Introduction

Primary Markets (PM)

• Policy formulation on issues relating to initial and further issue of capital and related intermediaries engaged in the same such as
  • Mutual funds
  • Collective investment schemes
  • Alternative investment funds
  • Domestic credit rating agencies
  • Merchant Banks etc.
• Policy issues related to Mergers, takeovers and acquisitions
• Development of Corporate bond market
• Financial literacy
• Corporate governance of companies
• Matters related to National Institute of Securities Market (NISM)
• Policy articulation on agenda items of SEBI’s Board meetings (primary responsibility)
• SEBI Act and related rules and regulations 9. Coordinating DEA-NIFM Research Programme

Institutions : SEBI
External Territorial Charge : Nil
Ministries/Departments : Ministry of Corporate Affairs
States : Nil
Legislations : The Securities and Exchange Board of India Act, 1992 (SEBI Act)

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Secondary Market & Investor Grievances

Secondary Market

• Policy issues of Secondary Market and related Intermediaries and Participants (stock exchanges, clearing corporations, depositories their
• participants, trading members, investment advisors etc.), their ownership and governance issues etc.
• SME Exchange/New Segments/ platforms for trading in securities /crowd funding platforms
• Taxes and Stamp Duties in Securities Markets / tax savings schemes
• Delisting of companies and associated policy concerns
• Creating a single demat account for all financial assets
• Database relating to Securities Markets
• Monitoring of Stock Market Movements
• Self-Regulatory Organizations
• Cyber security of market infrastructure /trading technology related matters
• Regulation of distributors /distribution of financial products
• Matters related to investor education and protection fund at SEBI, exchanges and depositories
• Policy on Frozen Demat Accounts
• Securities Contracts (Regulations) Act, 1956 and related Rules and Regulations
• Depositories Act, 1996 and related Rules and Regulations

Institutions: Stock Exchanges, Clearing Corporations, Depositories
External Territorial Charge : Nil
Ministries/Departments : Nil
States : Nil
Legislations :
The Securities Contracts (Regulation) Act, 1956 (42 of 1956),
The Depositories Act, 1996 (22 of 1996)

JPC & Investors Grievances

• Matters related to Section 20 of Indian Trust Act 1882
• Preparation of Progress Report on Action taken on recommendations of Joint Parliamentary Committee (JPC) on Stock Market Scams and matters related thereto
• Matters related to Nizam Trust
• Handling of Investors’ Grievances (Electronic & Physical) related to FM Division/ transferring of other representations to respective authority
• Study/ Survey on reforms required in Investors’ Grievance Redressal Mechanisms available in India

Institutions : SEBI
External Territorial Charge : Nil
Ministries/Departments : Nil
States : Bihar, Jharkhand, Uttar Pradesh, Uttrakhand, Himachal Pradesh
Legislations : Indian Trusts Act, 1882 (Section 20)

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External Financial Market (Equity & Debt)

External Market (EM)

• Matters relating to Investment by Foreign Portfolio Investors
• Matters relating to Depository Receipts Scheme (ADR/GDR/IDR)
• Matters relating to International Financial Service Centres in India
• Matters relating to International Settlement of Indian Debt Securities (through Euroclear and Clear stream)
• Matters relating Global Bond Indices
• Matters relating to Currency Derivatives markets in India and Interest Rate Derivatives
• Matters relating to trade payments settlement mechanism with Iran
• Approval for establishment of Liaison office / Branch office/ Project Office in India by Foreign entities
• Approval for purchase of immovable property in India by foreigners/ non residents

Institutions: Securities and Exchange Board of India (For matters relating to SEBI (Foreign Portfolio Investors) Regulations, 2014 and RBI (for matters relating to FEMA)
External Territorial Charge : Nil
Ministries/Departments : NIL
States : Nil
Legislations : Foreign Exchange Management Act, 1999

External Commercial Borrowing (ECB)

• Matters relating to External Commercial Borrowings, Foreign Currency Bonds, Trade Credits and Offshore Rupee denominated Bonds [masala bonds].
• Matters relating to all FEMA Regulations except FEMA 21 & 22
• Matters relating to FEMA Non Debt Instruments Rules and FEMA 20 Regulations
• Matters relating to FEMA Current Account Rules and Liberalised remittance scheme
• Matters relating to trade payments mechanisms with all countries other than Iran
• Matters related to Black Money
• Approval for opening Non Resident Ordinary (NRO) and Non Resident Rupee (NRE) Accounts by foreigners/ non residents
• Approval of foreign travel of Chief Ministers/Ministers/MLAs/Administrators/Officers of States and Union Territories
• Matters relating to research programs

Institutions : Reserve Bank of India - For Matters Relating to FEMA, 1999 ,and Securities and Exchange Board of India - For Matters relating to SEBI
(Foreign Portfolio Investment) Regulations, 2014
External Territorial Charge : Nil
Ministries/Departments : All Departments of Ministry of Law & Justice, M/o Parliamentary Affairs
States : Nil
Legislations: Nil.

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Commodity Derivatives Markets & Coordination

Commodity Derivatives

• Policy matters related to development of commodity derivatives market : Design of new products /contracts, entry of new players – domestic as well as foreign, harmonization of rules and procedures with securities market, encouraging hedging by government entities / farmers etc.
• Notifying commodities for trading : Resumption/suspension of futures trading in various notified commodities.
• Integration of Commodity spot and derivatives market
• Commodity derivatives trading related matters : cases of manipulation /speculation etc.
• Representing DEA in futures market related matters in the inter-ministerial committees on Essential Commodities’ price rise etc.
• Delivery arrangements in the market : Taking up matters related to warehouses accredited by stock exchanges with WDRA and ministry of Consumer Affairs
• NSEL scam related matters : holding inter-ministerial, inter-agency periodic review meetings on NSEL scam and facilitating refund to investors

Institutions : Nil
External Territorial Charge : Nil
Ministries/Departments: Nil States : Nil
Legislations : Forward Contracts (Regulation) Act, 1956 (now repealed.

FM Division Coordination

• Internal Coordination within FM Division
• Monitoring the updation of e.Samiksha :
  • VIP/PMO/Cab Sec References
  • Coordination of Budget implementation related matters for FM Division
  • Matters related to the Senior Management Group (SMG) meetings w.r.t. FM Division
• Monitoring Parliamentary Assurances (OAMS portal)
• Monitoring Court Cases on LIMBS Portal
• Information/Inputs on issues sought by Admin(Coord),Economic Division and others
• Website udpation
• Work management matters within FM Division
• Internship management within FM Division

Institutions : Nil
External Territorial Charge : Nil
Ministries/Departments : Nil
States : Nil
Legislations : Nil

• Report of Working Group (WG) on common clearing for commodity exchanges (2.7 MB)
• Setting up of a Working Group (WG) on common clearing for commodity exchanges (110.16 KB)
• International Financial Services Centres Authority (IFSCA) (258.57 KB)