TABLE OF CONTENTS •Abstract; • Statement of Problem; •Research Questions; •Hypothesis; •Research Methodology; •Mode of citation; Chapter I INTRODUCTION ; Regulation; Financial Regulation; CHAPTER II EVOLUTION OF FINANCIAL MARKETS AND RESULTANT; REGULATORY ARCHITECTURES ; CHAPTER III CHANGING SSENARIO IN INDIA; i. Deregulation of 1990s; ii. Financial Conglomerates; iii. Emergence of voices for super regulator; a) .Arguments in Favor; b) Arguments Against; c) The Other Alternatives; CHAPTER IV THE UNIFIED REGULATORY FRAMEWORK OF UK; I. The framework; ii. Assessment; III. New Regime; CHAPTER V SPECIFIC REQUIREMENTS OF REGULATION IN INDIA; i. Financial Institutions in areas of regulatory gap; ii. The Relationship of sector regulator with Competition Commission; iii. The International Experience; a) The Overlap between Regulation and Competition; b) Practical Examples of Models; CHAPTER VI FINANCIAL SECTOR LEGISLATIVE REFORM COMMISSIONREPORT ; i. Deliberations; ii. Recommendations; iii. Issues of Concern; a) Interface of Sector Regulator with General Regulator; b) FSA experience; CHAPTER VII CONCLUSION;