Assess the effectiveness of SEBI in fulfilling its envisaged role of regulating the securities market, ensuring transparency, and protecting investors' interests.

SEBI is a statutory organization for maintaining the stock market of world's 4th largest capital market. Role of SEBI - Successes: I. Regulating securities market - ASBA introduced - block funds and avoid malicious IPO applications - Circuit breaker system deployed to manage notability II. Transparency - Laid down BRSR and ESR frameworks to clearly disclose info - Mandated 'Red Prospecting' and IPO formalities for transparency III. Protecting investor interest - Introduced 'Investor Protection Fund' for investor education - T+1 System introduced to reduce trading time - SCORES portal introduced to report any glitches/complaints - Social stock exchange with zero coupon interest bonds to ensure fair channeling of investor money Recent NSE chief deepfakes could not be controlled. However, Insurance of insider trading Kolkata and Volatility in market type, SEBI's recent Ram with Hiedenburg.

III. Protecting investor interest - Introduced 'Investor Protection Fund' for investor education - T+1 System introduced to reduce trading time - SCORES portal introduced to report any glitches/complaints - Social stock exchange with zero coupon interest bonds to ensure fair channeling of investor money Recent NSE chief deepfakes could not be controlled. However, Insurance of insider trading Kolkata and Volatility in market type, SEBI's recent Ram with Hiedenburg. SEBI is the key financial institution and needs assessment by Finance Development Board.