Important Points for IC 99 - Asset Management Exam
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FIIs have helped the development of financial market to the global standard and size. It has enabled the capital flows available in a country to pursue its target economic growth.
The following market intermediaries are generally involved in the Securities Market operations : Registrars and Share Transfer Agents - Merchant Bankers - Underwriters - Bankers to issue - Customers - Debenture Trustees - Investment Advisers - Credit Rating Agencies - Depository Participant - Portfolio managers - Syndicate members - Stock-brokers and sub-brokers.
Section 17A of the Securities Contracts (Regulation) Act, 1956 provides for public issue and listing of securities.
As per Section 11 of the SEBI Act, 1992, the primary role and responsibility of the SEBI are to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit.
The basic purpose of derivatives, in order to provide commitments to prices for future dates for giving protection against adverse movements in future prices and finally to reduce the extent of financial risks.
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