The second phase covered further aspects of execution including e-trading and platforms, prime brokerage, as well as governance, and risk management and compliance. The complete Code comprises 55 principles spanning these issues. The principles are written in plain language and should be easily read and understood by market participants. The principles are supplemented by a suite of examples to illustrate their practical application.
While the global economy is still to recover to the pre-crisis growth path, India has continued to exhibit robust growth driven by consumption and investment demand in the last three years. However, in more recent period, we have seen a loss of speed in the second half of 2018–19 as some drivers of growth, notably investment and exports, slowed down.