These include critical operations; regulatory, compliance and risk management and other functions such as business development. The committee has recommended that in terms of hierarchy, the key managerial personnel (KMPs) of all three verticals will be at par. However, in terms of resource allocation and utilisation, the functions under the first two verticals separately should be given higher priority.
MIIS are considered to be the pillars of the stock market ecosystem. These include stock exchanges, clearing corporations and depositories.
This story is from the November 10, 2022 edition of Business Standard.
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This story is from the November 10, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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