Directions: Which of the following is an inference which can be made from the facts stated in the below paragraph?
SEBI has been trying to strengthen the role of exchanges as effective self-regulatory organizations. Setting up independent surveillance cells directly reporting to the exchange executive directors was a step in this direction. Development of exchange-level surveillance capabilities like a stock watch system, directing exchanges to augment their surveillance staff strength, and devising a training and certification module for the exchange surveillance staff are further initiatives taken by SEBI in this direction. Self-regulatory steps taken by exchanges under the oversight of SEBI have improved market safety and integrity.
1
Improving the functioning of the surveillance cells of stock exchanges.
2
Development of the stock exchanges as self-regulatory organizations.
3
Public disclosure of information relating to actions taken against stockbrokers.
4
Dissemination of price sensitive information to public.
5
Impairing the functioning of the surveillance cells of stock exchanges.