<ul><li>SEBI has introduced new rules for the appointment and management of key officials at stock exchanges, clearing corporations, and depositories.</li><li>Key personnel like chief compliance officer, chief risk officer, chief technology officer, and chief information security officer will now be appointed through an external expert agency.</li><li>The process of appointment, re-appointment, resignation, or termination of these officials will involve external agency recommendations to the nomination and remuneration committee for final approval.</li><li>SEBI has also mandated a cooling-off period decided by each MII's board for key officials moving between competing institutions and directed transparency in re-appointment reasons for public interest directors.</li></ul>

SEBI Changes Rules For Key Hires At Stock Exchanges, Depositories

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