SEBI seeks public comments on Reports submitted by Committee on Review of Regulations and Relevant Circulars pertaining to Market Infrastructure Institutions (MIIs)

SEBI seeks public comments on Reports submitted by Committee on Review of Regulations and Relevant Circulars pertaining to Market Infrastructure Institutions (MIIs)

A discussion paper on review of regulations and relevant circulars pertaining to Market Infrastructure Institutions (MIIs) was placed on SEBI website on February 22, 2017, for seeking public comments.

Subsequently, SEBI constituted a Committee under the Chairmanship of Shri R. Gandhi, Former Deputy Governor, Reserve Bank of India, on October 16, 2017, to review the existing framework of MIIs. The Committee submitted its report thereon March 26, 2018. The recommendations so made are under active examination of SEBI.

In the meantime, the terms of reference of the Gandhi Committee were expanded to include the desirability of classifying certain Market Intermediaries as MIIs and assess the possibility of extending the extant framework to such MIIs. On this aspect, the   Committee has submitted its second report on April 25, 2018. The same is being hosted on the SEBI website for Public Comments.

Comments from public are invited on proposals contained in the above report and the same should reach SEBI latest by May 19, 2018 in the following format:

The comments may be sent by email to rgcpart2@sebi.gov.in or alternatively a hard copy of the same may be sent to the following address-

General Manager

Division of Supervision & Registration-1

Market Intermediaries Supervision and Regulation Department

Securities and Exchange Board of India

1st Floor, B wing, Mittal Court

Nariman Point, Mumbai-400021