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

Ease of doing business (EODB) - Policy for joint annual inspection by MIIs - information sharing mechanism- action by Lead MII

07-Aug-2025 | SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/113

SEBI has issued a circular regarding Ease of Doing Business (EODB) - Policy for joint annual inspection by MIIs - information sharing mechanism- action by Lead MII effective from 1st December, 2025.

This circular has been issued in reference to Para 14 of the SEBI issued Master Circular for Stock Brokers, which specifies the provisions pertaining to the policy for annual inspection of members.

By virtue of this, SEBI has specified the following:
1. Entities selected for annual inspections shall be inspected for all segments jointly by all exchanges and clearing activities.
2. MIIs (Market Infrastructure Institutions, which include Stock Exchanges/Depositories/Clearing Corporations) shall establish an information sharing mechanism with one another for the sharing of inspection observations of entities holding multiple registrations with MIIs.
3. Revision in the criteria for annual inspection has been specified. However, entities not falling in the specified categories shall be inspected by the MIIs at least once in three years.
4. Inspections of Professional Clearing Members shall be conducted jointly by Clearing Corporations once in two years.

Kindly refer to the attached document for more information.

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