India

The SEBI Act, 1992, is entirely applicable as the supreme statutory framework for capital market regulation, investor protection, and mitigating risks in the Indian financial system. Endowed with legislative, investigative, and enforcement powers for regulating the markets, investigating structural problems, and dealing with the non-compliance of corporations, the SEBI Act, 1992, represents the supreme legal boundary of listed securities, derivatives, and intermediary services in the financial markets of India. The Act is underpinned by a judicial process that leads to the Securities Appellate Tribunal (SAT). In this context, the SEBI Act ensures that SEBI can monitor sophisticated threats to the financial market like high-frequency trading irregularities and insider trading schemes worth millions of rupees.