New Delhi, May 8 -- The upcoming Securities Markets Code, aimed at overhauling India's securities market regulations, will be a "very big reform" and is likely to be introduced soon, Finance Ministry officials said Friday.

"We hope that this is a very big reform of our kind, which we are going to do. We are on it, and most likely it will be very soon," said Deepak Ranjan, Director (Financial Markets), Department of Economic Affairs, under the Union Ministry of Finance. He made the remarks addressing the PHD Chamber of Commerce and Industry's (PHDCCI) 8th Annual Convention on Capital Market and Commodity Market with a theme Democratising Wealth Creation: Inclusive Capital Market for a Prosperous India'.

Ranjan said the government plans t...