SEBI has provided the parameters for Performance evaluation of Market Infrastructure Institutions

SEBI vide circular dated September 24, 2024 has provided the parameters for Performance evaluation of Market Infrastructure Institutions. The following principles shall be adhered to by the MIIs for selection of an independent external agency:

1. The Independent External Agency shall be appointed with prior No Objection Certificate (NOC) from SEBI and on such terms and conditions, including fees, timelines, etc. as may be approved by the Governing Board of the MII.
2. The Independent External Agency shall have requisite domain knowledge, experience and expertise on matters concerning the securities market and the functioning of the MII.
3. MII shall ensure that there is no conflict of interest in the appointment of the Independent External Agency and the Agency had not been employed/hired by the MII for the evaluation period and till submission of the report.