Saturday, January 15, 2011

SEBI PLEAD FOR PROTECTING AUTONOMY OF REGULATORS

The capital market regulator has sought provisions to ensure the autonomy of regulatory bodies.
According to CB Bhave, Chairman, Securities & Exchange Board of India (SEBI), it is imperative
to make sure there are adequate supportive provisions in the laws and rules to maintain the
autonomous character of these institutions.d. If regulators have to depend on the executive for
release of funds, the independent behavior of regulators will be jeopardized.

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