SEBI mandates annual independent internal audits and bars executive directors from audit committees to enhance governance in Market Infrastructure Institutions
The Securities and Exchange Board of India (SEBI) has released a new circular dated May 19, 2025, introducing comprehensive guidelines aimed at strengthening the internal audit framework and audit committee governance of Market Infrastructure Institutions (MIIs) which include stock exchanges, clearing corporations, and depositories. Recognizing the important role MIIs play in ensuring a stable and…
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