SEBI Issues Guidelines for Internal Audit and Audit Committee Structure of MIIs

The Securities and Exchange Board of India (SEBI), the market regulator, has issued comprehensive guidelines pertaining to the internal audit framework and the structure of audit committees for Market Infrastructure Institutions (MIIs). These institutions include stock exchanges, clearing corporations, and depositories. The new guidelines are designed to standardize the audit processes and enhance the governance transparency within these critical components of the financial market. By strengthening internal audit mechanisms and ensuring robust audit committee structures, SEBI aims to improve oversight, risk management, and overall operational integrity of MIIs, which are vital for market stability.