Sebi Issues Guidelines for Evaluation of MII Performance

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).

- PRESS TRUST OF INDIA

Under the guidelines, 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.