SEBI
Statutory Basis and Regulatory Powers
SEBI was established as a non-statutory body in 1988 and given statutory powers through the Securities and Exchange Board of India Act, 1992, which came into force on January 31, 1992. It regulates stock exchanges, intermediaries (brokers, merchant bankers, portfolio managers, mutual funds), and now REITs/InvITs, through a quasi-legislative (framing regulations), quasi-executive (surveillance/inspection), and quasi-judicial (adjudication) mandate.
- SEBI Act, 1992 — objectives: investor protection, market development, and regulation of the securities market
- SEBI's board can amend or notify new regulations directly (subordinate legislation) without needing a fresh Act of Parliament — this is how the new Portfolio Managers Regulations, 2026 replace the SEBI (Portfolio Managers) Regulations, 2020
- SEBI also derives powers from the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996
● Tracked since February 13, 2026 · last seen September 24, 2026 · updates as the daily brief publishes
19 Jun '26
SEBI June 2026 Board Meeting: Buyback Reform, Quick Transmission, and GARUDA Framework
Economics
25 Apr '26
Unified KYC Framework for India's Financial Sector: Push for SEBI-Led Standardisation
Economics
23 Mar '26
SEBI Amends ICDR Regulations 2026: Changes to Capital Issuance and Disclosure Framework
Economics
19 Mar '26
SEBI Settlement Scheme: How Regulators Resolve Securities Violations Without Trial
Economics
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