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.

1, 2 and 5

• 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