Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS 

RAJYASABHA
UNSTARRED QUESTION NO. 799
ANSWERED ON AUGUST 13, 2013 / SRAVANA 22, 1935 (SAKA) 

QUESTION
Replacement of Software in IMSS

 

 799. SHRI RAJEEV CHANDRASEKHAR: 

Will the Minister of FINANCE be pleased to state: 

(a)   whether the Securities and Exchange Board of India (SEBI) has replaced its existing Integrated Market Surveillance System (IMSS) software with a new software system; 

(b)   if so, the reasons therefor and the cost of this new software system; and 

(c)    how has this new software improved SEBI's performance of insider trading surveillance with details thereof?

 

ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE 
(SHRI NAMO NARAIN MEENA)

 

(a): The existing Integrated Market Surveillance System (IMSS) of Securities and Exchange Board of India (SEBI) has not been replaced by any new software system.

(b) & (c): Does not arise in view of reply to part (a) above.