Moreover, the pension funds themselves being conservative, prefer to invest in Government Securities. Thus, the resources of the PFs are preempted by the Government and DFIs, making the linkage between PFs and corporate debt market tenuous.
Role of self-regulatory organisations Self-regulation is fast emerging as a viable co-operative framework for both the regulator and market participants to come together towards the fulfilment of common goals and objectives. By creating a unique combination of private interests and official oversight, SROs have emerged as an effective and efficient form of regulation for the complex and dynamic financial services industry.