Market regulator Sebi may step in for appointments of key officials at MIIs

Quick Summary:

The regulator plans to align their appointment with that of the managing director who is appointed by Sebi.

The MIIs nomination and remuneration committee (NRC) will then submit its own recommendations to the governing board of the MII and Sebi.

With the prposed changes, other key employees such as compliance officer, chief risk officer, chief technology officer, and chief information security officer, among other CXOs, will be reviewd by Sebi.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Employee Sebi norms Sebi MII Sebi employees Madhabi buch Sebi staff Market infrastructure institutions

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 18:40:48 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23765579

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