TABLE OF CONTENTS Certificate Declaration Acknowledgment List of Abbreviation List of statues Chapter I Introduction ; Chapter II Overview of Financial Market; 2.1 Financial Market and its Role in Nation Economy ; 2.2 Regulatory Function ; 2.3 Policy goals of Regulation ; Chapter III Financial regulators in Indian Financial Market; 3.1 Changing scenario in Indian Financial Sector ; 3.2 Multiple regulators in Indian Financial Market; Chapter IV What does Super Regulator means in Financial Market?; 4.1 Institutional Framework ; 4.2 Functional Framework ; 4.3 Integrated Framework ; 4.4 Twin peak Framework ; Chapter V Indian Regulatory jurisdiction overlaps and arbitrage; • 5.1 India's Financial Regulatory Jurisdiction overlaps ; 5.2 Regulatory gap ; Chapter VI UK financial regulator model development; 6.1 Pre FSA phase [1980] ; 6.2 Transactional Phase [1990] ; 6.3 FSA regulation [1990-2007] ; 6.4 Post FSA [after 2007]: New Regime ; Chapter VII Restructuring of Indian Financial Market: Need for a Super Regulator; 7.1 Problems with multiple regulator; 7.2 Which regulatory model is suitable? ; 7.3 Arguments in favour ; 7.4 Arguments against; Chapter VIII Conclusion ; Bibliography ; Annexure I (fig 1 and 2) ; Figure 1 The-Financial Services System Regulatory Structure, India ; Figure 2 The Financial Services System Regulatory Structure, UK.