US EditionSebi Proposes Tougher Governance Norms for Market Institutions
- On June 24, 2025, SEBI proposed new governance reforms for market infrastructure institutions in New Delhi, mandating two executive directors helm key verticals on their boards.
- The reforms respond to rapid growth in MIIs’ investor base, volumes, revenue, and complexity, highlighting the need for stronger operational oversight and public-interest focus.
- The two EDs will be key management personnel with stature comparable to the managing director and must report quarterly to SEBI and the board on their verticals.
- SEBI will restrict EDs from holding directorships outside MII subsidiaries, while MDs may serve as non-executive directors only in non-commercial government or charitable entities.
- These measures aim to reduce conflicts and reinforce MIIs’ roles as public utilities, with public comments on the proposals invited until July 15, 2025.
13 Articles
13 Articles
SEBI Proposes Overhaul of Market Infrastructure Governance
SEBI has released a consultation paper detailing plans to enhance the governance of Market Infrastructure Institutions (MIIs) like Stock Exchanges and Depositories. Key proposals include appointing two executive directors for critical operations and compliance, revising committee roles, and redefining responsibilities to prioritize public interests and regulatory tasks.
SEBI floats proposals to strengthen market infrastructure
SEBI proposes stronger governance for market infrastructure institutions like stock exchanges and depositories. Key changes include appointing two executive directors as KMPs, quarterly reporting to SEBI, and enhanced board oversight amid rising market volumes and investor participation.
Sebi Proposes ED Roles to Bolster Governance at Market Infrastructure Firms
Get latest articles and stories on Latest News at LatestLY. Sebi on Tuesday proposed an overhaul of the governance framework of market infrastructure institutions including stock exchanges by mandating the appointment of two executive directors (EDs) to bolster operational oversight. Latest News | Sebi Proposes ED Roles to Bolster Governance at Market Infrastructure Firms.
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