BFSI Summit: Sebi WTM calls for strengthening of MII governance framework

Quick Summary:

The former banker announced that Sebi will soon float a consultation paper to consider the demerger of equity clearing corporations (CCs) from stock exchanges.

While MIIs such as stock exchanges are allowed to list and have public shareholders, clearing corporations, which are fully-owned subsidiaries of stock exchanges, are not allowed to do so.

The senior Sebi official voiced concern that potential investments in security, technology, risk, and operations could be de-prioritised due to commercial factors.“There is the potential that products or securities are launched and persisted with, without adequate safeguards around investor protection, suitability, and appropriateness, and with a view to maximising MII throughput and revenues.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Ananth Narayan Sebi Business Standard BFSI Insight Summit Ananth Narayan MII governance framework

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:42:16 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 928 words

Reading Time: 6 minutes read

Sentences: 33 lines

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Copyright Owner: © Business Standard

News ID: 23461343

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