Centre Aims to Secure Passage of Securities Market Code in Upcoming Session, Anticipating Further Reforms
Government to Push for Passage of Securities Market Code in Monsoon Session
New Delhi - The Central government plans to press for the passage of the new Securities Market Code, which is currently under review by the Parliamentary Standing Committee on Finance, during the upcoming monsoon session of Parliament. The code aims to establish a new regulatory architecture for the capital markets.
According to two people familiar with the government's discussions, the government is keen to introduce the new code to overhaul the existing regulatory framework. The move is seen as a significant step towards strengthening the country's capital markets and ensuring greater investor protection.
The new Securities Market Code is expected to bring about a major overhaul of the existing regulatory architecture, with a focus on ensuring greater transparency and accountability in the capital markets. The government's move is aimed at boosting investor confidence and promoting the growth of the capital markets.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Timeline
| Event | Date |
|---|---|
| Monsoon Session of Parliament | 2023 (no specific date mentioned) |
| Review by Parliamentary Standing Committee on Finance | Ongoing |
| Expected Passage of Securities Market Code | Monsoon Session of Parliament |
Investor Takeaway
The Central government plans to pass the new Securities Market Code, which may lead to further reforms in the capital markets.
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