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    • Sebi strengthens governance at exchanges and other MIIs with approval for new vertical heads

      Citing growing scale, profitability, and their role as first-line regulators, the board approved appointing two Executive Directors (EDs) of comparable stature to head key verticals at an MII, alongside the Managing Director (MD) on the governing board.

    • Stock exchanges, MIIs to resolve whistleblower complaints within 60 days, use suptech; SEBI issues new governance guidelines

      The regulator's circular also asked MIIs to set up a policy for backoffice vendors to ensure compliance with norms

    • SEBI proposes involving external agency, regulator in hiring of KMPs of stock exchanges, other MIIs

      In the consultation paper, SEBI has also suggested introducing a cooling off period for hiring KMPs from competing MIIs

    • Sebi asks all listed and unlisted MIIs to declare and monitor shareholding details

      MIIs include entities such as stock exchanges, clearing corporations and depositories.

    • Sebi proposes shareholders of market infra institutions have larger say in PID appointments

      According to the paper, Sebi has received feedback that, under the current regulatory regime, shareholders do not have material oversight powers with respect to the functioning of the Board of MIIs

    • Sebi issues financial disincentive framework for MIIs for surveillance-related lapses

      According to the circular, the disincentive will be decided based on the annual revenue and the number of lapses in a financial year.

    • Sebi reins in sharing of real-time stock prices with gaming apps

      MIIs and intermediaries need to ensure that the sharing is done only if it is required for the orderly functioning of the securities market, said the May 24 circular

    • Sebi issues further directions to MIIs' MD, CEO to improve cyber resilience

      MIIs have been directed to submit a declaration from the MD/CEO that three criteria have been satisfied

    • SEBI lays out protocol for unlisted MIIs to secure NOCs

      The unlisted MII shall pay a fee to SEBI at the rate of 0.1% of the paid-up share capital of the unlisted company or Rs 5,00,000, whichever is higher.

    • What is Control?

      The developments of this week had me wondering - is not economic influence a measure of control?

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