SEBI's Potential Influence on Key Management Personnel Appointments in Markets
SEBI's Enhanced Role in Markets
As markets evolve, SEBI is examining a more pronounced role in approving appointments for Key Management Personnel (KMP). Ananth Narayan, a notable figure at SEBI, highlighted that for efficient Market Infrastructure Institutions (MIIs), having a proficient MD and CEO is essential.
Importance of Competent Management
- MIIs must have accomplished heads of technology, operations, and compliance.
- Management should operate independently of transient commercial pressures.
- SEBI is committed to enhancing its supervisory capabilities.
At the recent Business Standard BFSI summit, Narayan stated that a rigorous evaluation process for MIIs will be instituted. Moving forward, SEBI plans to conduct independent external assessments, reinforcing its dedication to market integrity and public utility functions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.