Chapter 3 of Class 9th CBSE IFM (Introduction to Financial Markets) is titled "Securities and Exchange Board of India (SEBI)". It provides an overview of SEBI, its functions, and its role in regulating the securities market in India.

SEBI is the regulatory body that oversees the functioning and development of the securities market in India. It was established on April 12, 1988, as an autonomous body by the Government of India. SEBI is governed by the SEBI Act, 1992, and has its headquarters in Mumbai.

Functions of SEBI:
1. Regulatory Role: SEBI acts as a regulatory authority to protect the interests of investors and ensure the fair and transparent functioning of the securities market. It formulates regulations, guidelines, and code of conduct for market participants such as brokers, merchant bankers, and mutual funds.

2. Supervisory Role: SEBI supervises and monitors the activities of various entities in the securities market to ensure compliance with regulations. It conducts inspections, audits, and investigations to detect any malpractices or fraudulent activities.

3. Investor Protection: SEBI aims to protect the interests of investors by promoting fair practices, providing necessary information, and ensuring a safe investment environment. It educates investors, resolves their grievances, and takes action against entities involved in fraudulent activities.

4. Developmental Role: SEBI plays a crucial role in the development and expansion of the securities market. It works towards improving market infrastructure, introducing new financial instruments, and promoting market efficiency. SEBI encourages innovation and competition in the market to attract more investors.

Key Point: SEBI is the regulatory body overseeing the securities market in India. It performs regulatory, supervisory, investor protection, and developmental functions.

Role of SEBI:
1. Regulating Capital Market: SEBI regulates the capital market by ensuring fair practices, preventing insider trading, and promoting transparency. It approves the listing of securities on stock exchanges and regulates the functioning of stockbrokers, sub-brokers, and other intermediaries.

2. Regulating Mutual Funds: SEBI regulates the mutual fund industry to protect the interests of investors. It formulates guidelines for the creation, operation, and functioning of mutual funds. SEBI ensures that mutual funds follow the specified investment norms and disclose the necessary information to investors.

3. Regulating Credit Rating Agencies: SEBI regulates credit rating agencies to ensure the accuracy and reliability of credit ratings. It mandates the registration of credit rating agencies and monitors their activities to maintain the integrity of the rating process.

4. Regulating Depositories: SEBI regulates depositories, which are institutions that hold securities in electronic form. It ensures the safety and integrity of the securities held in dematerialized form and promotes the dematerialization of securities.

Key Point: SEBI plays a crucial role in regulating various segments of the securities market, including capital market, mutual funds, credit rating agencies, and depositories.

Conclusion:
SEBI, as the regulatory body for the securities market in India, plays a crucial role in maintaining market integrity, protecting investor interests, and promoting market development. It regulates various entities and segments of the market to ensure fair practices, transparency, and investor confidence. SEBI's functions and role contribute to the overall stability and growth of the Indian securities market.