Sebi Issues Guidelines for Performance Evaluation of MIIs

To bring consistency and uniformity with respect to evaluations by the external agency, Sebi on Thursday came out with guidelines for the evaluation of the performance of statutory committees of market infrastructure institutions (MIIs).

- FPJ News Service

Under the guidelines, Sebi said MIIs—comprising stock exchanges, clearing corporations, and depositories—are required to appoint an independent external agency to evaluate their performance and the functioning of their statutory committees. This needs to be done once every three years.