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These measures are aimed at ensuring that MIIs (market infrastructure institutions) are staffed with qualified, independent key management personnel (KMPs) and directors while safeguarding market ...

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Sebi also said MIIs should conduct internal audit of functions and activities at least once in a financial year. Besides, internal auditor should be an independent audit firm and report only to the ...

To further strengthen the governance mechanism at market infrastructure institutions (MIIs), regulator SEBI on Monday released comprehensive guidelines for internal audit mechanisms at such ...

ALSO READ: Sebi revises norms, bars managing directors from MIIs' audit committees The Department of Economic Affairs (DEA) had undertaken consultations with stakeholders between September and October ...

With an aim to further strengthen governance at the stock exchanges, depositories and clearing corporations, described as market infrastructure institutions (MIIs), the Securities & Exchange Board ...

“The audit committee of the MII shall not consist of any executive director (including the managing director) of the MII,” Sebi said in the revised norms. Though a managing director will not be a part ...

The audit committee of an MII will no longer include any Executive Director, including the Managing Director. While MDs will not be part of the committee, they may be invited to attend meetings with ...