To bring consistency and uniformity with respect to evaluations by the external agency, Sebi on Thursday came out with guidelines for the evaluation of the performance of statutory committees of market infrastructure institutions (MIIs).
Under the guidelines, MIIs -- comprising stock exchanges, clearing corporations, and depositories -- are required to appoint an independent external agency to evaluate their performance and the functioning of their statutory committees.
The guidelines aim to improve transparency and accountability in the functioning of MIIs and their statutory committees.
The story "Sebi sets norms for evaluating mkt infra institutions, statutory committees" has 353 words across 17 sentences, which will take approximately 2 - 3 minutes for the average person to read.
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