Capital market regulator Securities and Exchange Board of India (SEBI) is set to launch a special initiative -- called 'Know Your Intermediary' (KYI) -- to promote market transparency and boost investor confidence. Under this initiative, information about intermediaries -- such as brokers -- will be available on the websites of stock exchanges BSE and NSE, enabling market participants to navigate the details seamlessly.

Information related to registration, compliance and grievance records will also be available under the one-stop platform.

In a bid to promote transparency on mobile apps, Internet giant Google's mobile app store will feature a dedicated tick mark on broker applications. This will prevent investors falling prey to fake apps.

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