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Sebi mulls easing ‘fit & proper person’ framework for market intermediaries

Financial Express Lucknow

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February 05, 2026

THE SECURITIES AND Exchange Board (Sebi) on Wednesday proposed easing the ‘fit and proper person’ criterion for market intermediaries (MIs), aiming to bring greater procedural clarity and fairness to the regulatory process.

- ANJANA THERESE ANTONY

Sebi has invited public comments on its proposals latest by February 25.

In a consultation paper, Sebi has proposed to codify the right to a hearing, refine the scope of disqualifying events, and reduce regulatory uncertainty for applicants and intermediaries.

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