Securities Market Code Bill on govt's agenda for upcoming Winter session of Parliament

The government has listed the Securities Markets Code Bill 2025 for the upcoming Winter session of Parliament. This unified code aims to merge key securities laws, including the Sebi Act, Depositories Act, and Securities Contracts (Regulation) Act. Experts anticipate it will enhance ease of doing business, reduce compliance costs, and boost the credibility of government borrowings.

New Delhi: The government has listed the Securities Markets Code Bill 2025 for the Winter session of Parliament starting December 1, according to a bulletin issued by the Lok Sabha Secretariat.

The unified securities markets code will help boost the ease of doing business in the country's financial markets.

The Bill seeks to merge the provisions of the Securities and Exchange Board of India Act, 1992, the Depositories Act, 1996 and the Securities Contracts (Regulation) Act, 1956 into a unified code.

The single securities markets code was first proposed in the Union Budget 2021-22, when Union Finance Minister Nirmala Sitharaman announced the plan to consolidate the Sebi Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationalised single securities market code.

Experts believe a unified securities markets code would help cut compliance costs and reduce friction between rules enacted by the capital markets watchdog Sebi, depositories, and the government.

Additionally, bringing the Government Securities Act under the Securities Markets Code will also boost the credibility of the government's borrowings and thrust of foreign capital, they added.
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Source: EconomicTimes
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