The Securities and Exchange Board of India (SEBI) has floated a discussion paper on review of new entrants to set up stock exchanges and depositories, otherwise called as market infrastructure institutions (MIIs).
About Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance, Government of India. It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
About Financial Action Task Force(FATF)
The Financial Action Task Force(FATF) is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.
Sources : The Hindu