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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE- Reiteration of SEBI Circular-Clarification on the position of Compliance Officer in terms of regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

08-Apr-2025 | NSE/CML/2025/21

NSE has issued reiteration of the SEBI circular regarding the Clarification on the position of Compliance Officer in terms of regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective from 8th April 2025. By virtue of this circular, a clarification is issued regarding proviso to Regulation 6(1) of the SEBI LODR Regulations, which specifies that compliance officer of a listed entity shall be in whole-time employment of the listed entity, not more than one level below the board of directors, and designated as a Key Managerial Personnel. Hereby, it is clarified that one level below means the position of the Compliance Officer in the organisation structure shall be one level below the Managing Director or Whole-time Director(s) who are part of the Board of Directors of the listed entity and in case the listed entity does not have a Managing Director or a Whole-Time Director, then the Compliance Officer cannot be more than one level below the Chief Executive Officer or Manager or any other person heading the day-to-day affairs of the listed entity.

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