SEBI issued new governance norms for KMP appointments, cooling-off periods, and PID reappointments in Market Infrastructure Institutions
The Securities and Exchange Board of India (SEBI) issued a Circular dated May 26, 2025, announcing a comprehensive framework governing the appointment, re-appointment, termination, and resignation of specific Key Management Personnel (KMPs) of Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories. The circular also introduces updated norms for the cooling-off period for…
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