GENERAL9 Sept 2026
Sebi seeks to widen talent pool for stock exchanges and depositories
Sebi has proposed new rules to widen the talent pool for directors of stock exchanges, clearing corporations and depositories. It also wants standardised qualifications and clear rules for key technology, cybersecurity, compliance and risk roles. Today, a person can be disqualified simply because a separate subsidiary in their group trades on the exchange. Public comments are open till 30 September.
Key Statutory Highlights
- Sebi has proposed easing eligibility rules for directors of market infrastructure institutions like stock exchanges and clearing corporations.
- Under current rules, individuals can be disqualified from MII boards just because a separate subsidiary in their parent group is a trading member or depository participant.
- Sebi also proposed standardised qualifications and standard operating procedures for roles like CTO, CISO, compliance officer and chief risk officer, and wants vacancies filled within three months.
Actionable Advice for Taxpayers / Founders:If your group is connected to an exchange or depository, review Sebi's consultation paper and send your feedback before 30 September.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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