Appointments At MIIs Under Lens

Mumbai: Capital markets regulator Sebi is mulling to vet appointments of the heads of risk, compliance and technology at market infrastructure institutions (MII) like stock bourses given the critical role they perform, a senior official said. Sebi’s wholetime member Ananth Narayan said, “there is also a need to fundamentally review the construct of clearing corporations and make them truly independent and self-sufficient.” Narayan said the MIIs, which also include the CCs and depositors, play a very important role in the system as they are the first level of regulators as well.