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SEBI mandates 2 executive directors on boards of Market Infrastructure InstitutionsSEBI mandates two executive directors on Market Infrastructure Institution boards, clarifying roles and prioritising compliance, risk management, and investor grievance handling.By Poonam Behura  September 12, 2025, 7:22:49 PM IST (Updated)1 Min ReadThe Securities and Exchange Board of India (SEBI) has issued governance norms for Market Infrastructure Institutions (MIIs), mandating the appointment of two executive directors (EDs) on their governing boards.

MIIs, which include stock exchanges, clearing corporations, depositories, and other entities that form the backbone of India’s market infrastructure, are central to maintaining the integrity and smooth functioning of financial markets.

The markets regulator at its board meeting on Friday, September 12, clarified the roles and responsibilities of managing directors (MDs), EDs, and specific key managerial personnel (KMPs).

SEBI laid down norms for directorships of MDs and EDs in other companies to ensure focused oversight and prevent conflicts of interest.

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Under the new guidelines, MIIs are required to prioritise critical operations, regulatory compliance, risk management, and investor grievance redressal over commercial interests.

The move is aimed at strengthening accountability and operational oversight within MIIs. SEBI’s guidelines seek to ensure that MIIs maintain robust governance structures and that top management roles are clearly defined to safeguard regulatory and operational standards.

Also Read: SEBI proposes revised minimum public shareholding norms for large IPOsContinue ReadingFirst Published: Sept 12, 2025 7:22 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsMarket Infrastructure InstitutionsSEBI