{"id":3770,"date":"2025-12-21T19:29:11","date_gmt":"2025-12-21T19:29:11","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3770"},"modified":"2025-12-21T19:29:13","modified_gmt":"2025-12-21T19:29:13","slug":"sebi-circular-dated-12-12-2025-strengthening-governance-of-market-infrastructure-institutions-miis","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/sebi-circular-dated-12-12-2025-strengthening-governance-of-market-infrastructure-institutions-miis\/","title":{"rendered":"SEBI Circular Dated 12\/12\/2025 &#8211; Strengthening Governance of Market Infrastructure Institutions (MIIs)\u00a0"},"content":{"rendered":"\n<p>The circular amends the SECC Regulations and D&amp;P Regulations regarding appointment, roles, and responsibilities of Managing Directors (MDs), Executive Directors (EDs), Chief Technology Officers (CTO), Chief Information Security Officers (CISO), Chief Risk Officers (CRiO), and Compliance Officers (CO). The key provisions include appointment of EDs through open advertisement, reporting structures of EDs to MDs, quarterly performance evaluations, and modified reporting lines for KMPs. Technology audits will be handled by CRiO, who will also attend relevant committee meetings.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/dec-2025\/provisions-relating-to-strengthening-governance-of-market-infrastructure-institutions-miis-_98329.html\"><em>(Link: SEBI Circular Dated 12\/12\/2025)<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The circular amends the SECC Regulations and D&amp;P Regulations regarding appointment, roles, and responsibilities of Managing Directors (MDs), Executive Directors [&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":[52,57],"tags":[],"class_list":["post-3770","post","type-post","status-publish","format-standard","hentry","category-sebi","category-circulars-sebi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEBI Circular Dated 12\/12\/2025 - Strengthening Governance of Market Infrastructure Institutions (MIIs)\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/sebi-circular-dated-12-12-2025-strengthening-governance-of-market-infrastructure-institutions-miis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI Circular Dated 12\/12\/2025 - Strengthening Governance of Market Infrastructure Institutions (MIIs)\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The circular amends the SECC Regulations and D&amp;P Regulations regarding appointment, roles, and responsibilities of Managing Directors (MDs), Executive Directors [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/12\/21\/sebi-circular-dated-12-12-2025-strengthening-governance-of-market-infrastructure-institutions-miis\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; 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