SEBI has issued new Parameters for external evaluation of Performance of Statutory Committees of Market Infrastructure Institutions (MIIs); and Mechanism for internal evaluation of Performance of MIIs and its Statutory Committees. In order to ensure consistency in the manner of assessment and outcomes across Statutory Committees or similar MIIs, compare performance of such Committees and monitor trends over time, a rating framework has been developed which would be assigned after evaluation of Statutory Committees of MIIS. The rating would reflect the Independent External Agency’s judgment on the performance of the Statutory Committees of an MII in respect of expected outcomes.
The provisions of this Circular shall come into force from 30th day of its issuance.
