SECURITIES MARKET CODE TO ABSORB MARKET ACTS

NEW DELHI: 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.