SEBI Issues Guidelines for Hiring Senior Executives at Stock Exchanges and MIIs

On May 27, 2025, the Securities and Exchange Board of India (SEBI) issued guidelines detailing the appointment process for key management personnel at Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories. 

This initiative aims to enhance transparency, governance, and standardization in hiring senior executives at critical financial market institutions.  

By formalizing the procedure, SEBI seeks to strengthen the regulatory framework overseeing India's financial markets and improve institutional accountability in leadership appointments.

The framework outlines the selection, approval, and disclosure procedures to ensure fair and consistent practices across MIIs.