 
 <translate> Q: Passage: Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.

Question: Based on this passage, who is responsible for regulation of capital market before sebi? Let's give stream of consciousness first: <hau> Tambaya: Passage: Mai kula da batutuwan jari-hujja shi ne ikon sarrafawa kafin SEBI ya wanzu; ya samo iko daga Dokar Batutuwan jari-hujja (Kulawa), 1947.  Tambaya: Bisa ga wannan nassi, wanene ke da alhakin tsara kasuwar jari a gaban SEBI? Bari mu ba da rafi na sani na farko: 