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Corporate Laws Central Ministry of Finance Securities Contracts (Regulation) Act, 1956

Parameters for Performance Evaluation of Market Infrastructure Institutions

24-Sep-2024 | SEBI/HO/MRD/POD-III/CIR/P/2024/127

SEBI has issued a circular regarding Parameters for Performance Evaluation of Market Infrastructure Institutions (MII), effective from 25th October, 2024. Key features: 1. A broad framework with basic minimum criteria for independent external evaluation of the performance of MII is provided in Annexure - A of the circular. 2. A rating framework is provided in Annexure - B of the circular which will be assigned after the evaluation of MIIs. The framework will reflect the Independent External Agency judgment on the performance of the MII with respect of expected outcomes. 3. MIIs are required to adhere to the Principles for appointment of Independent External Agency as specified in the circular. 4. The independent external evaluation shall take place once in three years for each MII. Kindly refer to the attached circular for more information

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