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

NSDL- Reiteration of SEBI circular regarding Parameters for external evaluation of Performance of Statutory Committees of Market Infrastructure Institutions (MIIs)

07-Feb-2025 | Circular No - NSDL/POLICY/2025/0015

NSDL has reiterated SEBI's circular regarding the 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, effective from 1st March 2025. By virtue of this circular, the minimum criteria for the independent external evaluation of the performance of Statutory Committees of MIIs that is, the Recognised Stock Exchanges, recognized clearing corporations, and depositories along with their weightage is specified. Further, a rating framework has been developed which is specified in Annexure B of the circular. Also, the timelines for external evaluation are also specified which is once every 3 years for each MII. Please refer to the attached circular for more information.

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