SEC Annual report, 1998-99

^{SEC
Annual Report,1998-99}

^{Deparments
of the SEC and Their Function}

Department	Administration &Finance	Registration
Functions	§ Human resources § Finance & Accounts § Revenue Collection § General Administration § Organization § SEC Library § Technical Assistance Project	§ Initial registration & annual renewal of securities dealers/brokers and their authorized representatives, investment advisers, merchant bankers, portfolio managers & mutual funds § Suspension & revocation of the registrants § Framing fit & proper guidelines § Audit & inspection of merchant bankers/portfolio managers & mutual funds § Code of conduct for fund manager & merchant bankers/portfolio managers § Set curricula and examination procedure for market intermediaries § Supervise the activities of Credit Rating Agency § Floatation of Mutual Funds

Department	Corporate Finance	Supervision of Markets & Enforcement
Functions	§ Capital Raining: IPO and other forms of equity & debt (debenture/bonds) capital raising § Regulation of listed companies § Regulation of corporate disclosure § Oversight of listing functions of stock exchanges § Regulation of disclosure of interest by directors, officers, major shareholders § Supervision & monitoring of fund utilization § Policy on share repurchase § New products § Other collective investment scheme	§ Oversight of stock exchanges and market- rules, regulations, management and operation § Automated trading regulation § Investors’ compensation fund § Market integration § Investigation into market manipulation, malpractices and insider trading § Investigation into suspected misconduct of registered persons § Dealing with complaints § Disciplinary proceeding & hearings

Department

Market Surveillance

MIS, Research & Development

Functions

§ Trade Surveillance of stock exchanges

§ Monitoring market watch surveillance system

§ Market intelligence and contact

§ Supervision of stock exchanges market surveillance functions

§ Inspection of accounts/ transactions of stock exchanges & brokers/dealers of stock exchanges

§ Provide technical and information management expertise to SEC

§ Develop and maintain MIS for SEC operating divisions

- Stock market monitoring system

- Data base of registered persons

- SEC internal accounting control and audit

- Data base of listed companies

§ Research and analysis on various aspects of domestic and foreign capital markets

§ Capital market development, short & long term SEC work plan

§ Administers internal & external SEC informational programs

§ Central clearing and depository system

§ Oversight of clearing and depository company

§ Risk management of clearing company

§ Investors’ Education Program

§ Public Reference Room

§ Preparing position paper on capital market

§ publication of annual report & quarterly review & other publications

§ Market economy

Department	Legal Service	Chairman’s Office
Functions	§ Legal advice to SEC and interpretation on laws and regulations § Prosecution & court cases § Framing of laws/rules/regulations & amendments thereof § Legal service to SEC operating divisions § Legal service on disciplinary proceedings	§ Professional support to Chairman § Media & Public Relations § Liaison with overseas securities regulatory agencies and IOSCO § Liaison with Government § Secretariat to Board & Committees § Local and International Training