From the list of financial organizations provided below, identify which entity acts as an industry association and does NOT possess the statutory legal authority to act as an official financial market regulator in India.

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Economics · Financial System Regulatory Bodies

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Association of Mutual Funds in India (AMFI)

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Answer 1

Securities and Exchange Board of India (SEBI)

Answer 2

Association of Mutual Funds in India (AMFI)

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