SEBI Issues New Framework for Appointment, Cooling-Off Period, and Reappointment of Key Personnel in Market Infrastructure Institutions

SEBI introduces cooling-off periods and reappointment rules for key personnel in market infrastructure institutions (MIIs). These stringent policies apply to Managing Directors, Whole-Time Directors, and Chief Executive Officers of entities like stock exchanges and depositories. The objective is to prevent potential conflicts of interest, ensure robust corporate governance, and promote greater transparency in the functioning of these critical financial entities. By imposing these restrictions, SEBI aims to enhance the independence of MII leadership and strengthen the regulatory oversight mechanism, contributing to the stability and integrity of the Indian capital markets.