GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS
UNSTARRED QUESTION NO. 799
ANSWERED ON AUGUST 13, 2013 / SRAVANA 22, 1935 (SAKA)
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?
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(a): The existing Integrated Market Surveillance System (IMSS) of Securities and Exchange Board of India (SEBI) has not been replaced by any new software system.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.