Also, Sebi Plans to Establish Local Offices in Major Cities Such as Chandigarh, Jaipur, Lucknow, Guwahati, Bhubaneswar, Vijayawada, Hyderabad, and Bengaluru to ENHANCE REGALUTORY Reach, Investor Engagement, and monitoring of unregulated activities, with further expansion plans in subsequent phases. , Photo credit:

To Strengthen Governance at Market Infrastructure Institutes (MIIS), While Ensuring that they Prioritise Investor Interest Over Commercial Considerations, The Securities, The Securities and Exchange Board of India have been given by India on the power of stock exchange heads, with defined roles and responsibilites.

The sebi board, which met on Friday, appointed the appointment of two Executive Directors of Approves Stature and Independence as heads of critical operations and regulations, campliasia and rises, Would also serve on the governing board of the mii.

Dual Role of Eds: Governance and Succession Planning

These appointments also have the dual function of facilitating success in the entities.

The eds will report to the md, while the nomination and remuneration commissione will take inputs from the md and the approves committee of the governing board, finalizing appraisals of the eds, who appointments or removal wills Mirror the process followed for mds.

Gap in MD – KMP Hierchy Flagged by Sebi

“Strengthening of Governance of Miis is imperative in the wake of exponical growth of securities markets in recent years,” said sebi. It pointed out that there was a significant gap in the stature and standing between the md and key managerial personals of critical operations, while the overall roles and responsibility Currently prescribed under the regulations. There are no norms regarding the directorships of the md in companies other than subsidiaies.

Sebi to set up locals for Stronger regulatory presence

Meanwhile, in order to improve regulatory Reach and Response, sebi also plans to establish local offices in state capitals and other major cities in a phased manner.

In the first phase, the Major City CIRE Sebi Intends to Establish Local Offices are Chandigarh, Jaipur, Lucknow, Guwahati, Bhubaneswar, Vijayawada, Hyderabad and Bengaluru. Other states and Major Cities would be considered in subsequent phases.

The proposed setting up of Local offices would enable sebi to enhance its connection with investors, intermediaryies and issues, particular smes, start-ups, reits, and non -Profits, Apart from imperoving Its ability to monitor unregulated activities and gather market intelligence at the local level, it said.

Published on September 12, 2025