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Budget: Govt proposes to launch unified securities market code, says FM

The government on Monday proposed to launch a unified securities market code

Nirmala Sitharaman

Nirmala Sitharaman

Press Trust of India New Delhi

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The government on Monday proposed to launch a unified securities market code.

The securities market code will include the Sebi Act, Depositories Act and Government Securities Act, Finance Minister Nirmala Sitharaman said while presenting the Budget for 2021-22 in Parliament.

In addition, the capital markets watchdog, Securities and Exchange Board of India (Sebi), will be notified as regulator for a gold exchange, she added.

Towards investor protection, the Finance Minister proposed to introduce an investor charter as a right for investors in all financial products.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 01 2021 | 12:29 PM IST

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