Sebi extends date for comments on appointment process of officials at MIIs

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Sebi extends date for comments on appointment process of officials at MIIs - Business Standard

Quick Summary:

The regulator, in its consultation paper issued in November, proposed a process for the appointment of KMPs (key managerial personnel) -- Compliance Officer, Chief Risk Officer, Chief Technology Officer, and Chief Information Security Officer of an MII and cooling-off period for KMPs, including MDs and directors, including public interest directors of an MII joining a competing MII.

Sebi on Friday extended the deadline to December 31 for submitting public comments on a proposal on the process to appoint key officials of stock exchanges and other market infrastructure institutions and a cooling-off period before they can join a competing institution.

In a statement on Friday, the Securities and Exchange Board of India (Sebi) said, "It has been decided to extend the timeline to submit the public comments on the consultation paper till December 31, 2024".