Q.Write a word / term / phrase which can substitute the following statement:
An institution which controls and regulates activities of the stock exchange.

The Securities and Exchange Board of India was set up in 1988 and given statutory powers under the SEBI Act, 1992, to protect investors' interests and to regulate and promote the development of the securities market. Its functions are grouped into protective functions (banning fraud/unfair practices and insider trading, regulating takeovers, investor education), regulatory functions (registering and super …