New Delhi, April 1 -- India's capital markets have grown at a remarkable speed. Retail participation has surged, institutional capital has deepened and technology has transformed intermediation. Regulation has expanded alongside.

The Securities and Exchange Board of India (Sebi) today administers over 44 principal regulations and 13 statutory rules, supplemented by more than 2,700 circulars (including master circulars), guidelines, FAQs, general orders and frequent amendments. These span listed companies, intermediaries, managers of portfolio management schemes, mutual funds and alternate investment funds, apart from rating agencies, disclosure norms, takeovers, insider trading, stock exchanges, clearing corporations and depositories.

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