New Delhi: Finance Minister Nirmala Sitharaman on 18 December introduced the Securities Markets Code Bill, 2025, in the Lok Sabha during the winter session of Parliament.
The bill proposes a unified legislative framework for India’s securities markets by repealing and merging three existing laws: the SEBI Act, 1992; the Depositories Act, 1996; and the Securities Contracts (Regulation) Act, 1956.
The new Code aims to consolidate and amend laws governing securities markets to strengthen regulatory oversight, enhance investor protection, and improve ease of doing business in capital markets.
It seeks to reinforce the powers and governance framework of the Securities and Exchange Board of India (SEBI) while adopting a principle-based legislative approach.
The bill also simplifies legal language by removing redundant concepts and improving regulatory clarity, making compliance easier for market participants and supporting a more efficient and transparent capital market ecosystem in India.
