{"id":1699,"date":"2025-07-04T14:10:06","date_gmt":"2025-07-04T14:10:06","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=1699"},"modified":"2025-07-04T14:10:07","modified_gmt":"2025-07-04T14:10:07","slug":"sebi-consultation-paper-dated-24-06-2025-strengthening-governance-of-market-infrastructure-institutions-miis","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/07\/04\/sebi-consultation-paper-dated-24-06-2025-strengthening-governance-of-market-infrastructure-institutions-miis\/","title":{"rendered":"SEBI Consultation Paper Dated 24\/06\/2025 &#8211; Strengthening Governance of Market Infrastructure Institutions (MIIs)"},"content":{"rendered":"\n<p>There is significant growth in MIIs\u2019 investor base, volumes, revenue, and profitability, emphasizing their critical role as first-line regulators and public utilities. The proposals focus on three key areas,\u00a0<\/p>\n\n\n\n<p>1. Mandating the appointment of two Executive Directors (EDs) to the Governing Board, one for \u201cCritical Operations\u201d and another for \u2018Regulatory, Compliance, Risk Management, and Investor Grievances\u2019,&nbsp;<\/p>\n\n\n\n<p>2. Clearly defining the roles and responsibilities of the Managing Director (MD), the proposed EDs, and key management personnel such as the Chief Technology Officer (CTO) and Chief Information Security Officer (CISO),&nbsp;<\/p>\n\n\n\n<p>3. Establishing clear norms for directorships of MDs and EDs in other companies.&nbsp;<\/p>\n\n\n\n<p>&#8212; These measures aim to ensure that MIIs prioritize public interest, technology, operations, and risk\/compliance over commercial considerations, foster robust succession planning, and enhance the safety and reliability of the securities market. The comments\/ suggestions from stakeholders are invited.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sebi.gov.in\/reports-and-statistics\/reports\/jun-2025\/consultation-paper-on-strengthening-governance-of-market-infrastructure-institutions-miis-_94773.html\"><em>(Link: SEBI Consultation Paper Dated 24\/06\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is significant growth in MIIs\u2019 investor base, volumes, revenue, and profitability, emphasizing their critical role as first-line regulators and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[95,52],"tags":[],"class_list":["post-1699","post","type-post","status-publish","format-standard","hentry","category-reports-for-public-comments","category-sebi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Consultation Paper Dated 24\/06\/2025 - Strengthening Governance of Market Infrastructure Institutions (MIIs) - Bhatia Bhola &amp; 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