SEBI Panel Tells Indian Exchanges to Boost Oversight, Compliance
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A panel set up by India’s capital market regulator wants exchanges, clearing houses and depositories to revamp their compliance and risk management structures to minimize governance lapses.
A committee headed by G. Mahalingam, a former central banker and a ex- whole time member at the Securities and Exchange Board of India, recommended market infrastructure institutions (MII) should separate functions into three broad categories; critical operations; regulatory, compliance and risk management; and other functions such as business development.