When SEBI inspects a stock exchange, one of the most prevalent irregularities found is that the exchange is dealing with unregistered sub-brokers. Determine the SEBI’s associated function.

Regulatory function Protective function Developmental function None of these

Regulatory function

The three Protective Functions of SEBI are: (i) Controlling insider trading and imposing penalties for such practices. (ii) Undertaking steps for investor protection. (iii) Promotion of fair practices and code of conduct in securities market.