Recently, Securities and Exchange Board of India (SEBI) noted that the National exchange (NSE), the country's largest equities and derivatives exchange could be a systemically important market infrastructure institution (MII). When we see Stock exchanges, depositories and clearing houses ,they are all Market Infrastructure Institutions and constitute a key a part of the nation's vital economic infrastructure. According to a panel founded (in 2010) under the chairmanship of former bank of India Governor Bimal Jalan, the term ‘market infrastructure’ denotes such fundamental facilities and systems serving this capital market. Whereas when we talk about the primary purpose of the securities /capital market is to enable allocation/reallocation of capital/financial resources. MIIs help...
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