Market Regulator, SEBI on Wednesday said it is in the process of engaging agencies for developing a virtual museum of the Indian securities market to preserve its journey.
In a notice, Sebi has invited Expression of Interest (EoI) from agencies to develop the online virtual museum of the Indian securities market.
All About Museum
The museum will preserve the tangible and intangible records and commemorate the history of the Indian securities market.
It will also generate interest and increase awareness of the Indian securities market among stakeholders, the general public, researchers and students.
It is intended to be a visual online organised collection of the history of evolution, achievements and milestones in the Indian securities market over the decades in terms of market infrastructure, regulation and enforcement narrated through photos, videos, articles, media clippings, among others.
Information about the history of securities laws as well as the establishment of stock exchanges in India and the history of institutions important to the securities market, including UTI and Forward Market Commission (FMC), would be used as content for the proposed museum.
Apart from English, the online platform should be able to develop and deliver content in Hindi.
Trading Rules
Trading practices, rules, regulations before and after the establishment of Sebi or FMC, commodity trading during the period of various dynasties’ rulers and landmark judgements for the securities market, among others, would also be exhibited in the museum.
During World War and Independence day
Besides, market development on account of events such as the world war, independence of India and economic liberalisation would be exhibited.
Object
The requirement for a virtual museum arises from the need to preserve the journey of securities markets as with time, cherished experiences and memories will fade, if not archived.
Another objective is to actively enhance awareness among the public and to demystify the world of stock markets to potential investors of tomorrow.
Date of completion
The project involves entire end-to-end services for setting up the virtual museum and shall be completed within nine months from the date of signing of a contract by the bidder.
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