Identify which of the following is not a ‘regulatory function’ of SEBI?

Controlling insider trading

Regulatory Functions of SEBI

1.Registration of brokers and subbrokers and other players in the market.
2.Registration of collective investment schemes and Mutual Funds.
3.Regulation of stock brokers, portfolio exchanges, underwriters and merchant bankers and the business in stock exchanges and any other securities market.
4.Regulation of takeover bids by companies.
5.Calling for information by undertaking inspection, conducting enquiries and audits of stock exchanges and intermediaries.
6.Levying fee or other charges for carrying out the purposes of the Act.
7.Performing and exercising such power under Securities Contracts (Regulation) Act 1956, as may be delegated by the Government of India.

** Controlling insider trading is a protective function.