Which of the following is NOT a part of the "Regulatory functions" of the Securities and Exchange Board of India?
- Controlling insider trading and imposing penalties for such practices.
- Training of intermediaries of the securities market.
- Registration of collective investment schemes and mutual funds.
- Levying fee or other charges for carrying out the purposes of the Act.
- Understanding steps for investor protection.
Answer & explanation
Correct answer: option 3
- Controlling insider trading and imposing penalties for such practices - Protective functions
- Training of intermediaries of the securities market - Development functions
- Registration of collective investment schemes and mutual funds - Regulatory functions
- Levying fee or other charges for carrying out the purposes of the Act - Regulatory functions
- Understanding steps for investor protection - Protective functions