Mumbai, Dec. 17 -- The Securities and Exchange Board of India (SEBI) on Wednesday approved a series of far-reaching regulatory reforms aimed at simplifying market regulations, lowering transaction costs and improving cost transparency, measures that are expected to boost investor participation across mutual funds, equity and debt markets.

At its board meeting held in Mumbai, SEBI Chairman underlined the need for simplifying regulatory language and improving ease of understanding, particularly while reviewing stock broker regulations.

In line with this approach, the Board approved the replacement of the nearly three-decade-old SEBI (Stock Brokers) Regulations, 1992 with a new, streamlined framework that focuses on clarity, removal of red...