Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Chapter V GOVERNANCE OF STOCK EXCHANGES AND CLEARING CORPORATIONS
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Statutory committees requirement: recognised exchanges must constitute functional, oversight and investment committees with Board specified composition.
Every recognised stock exchange and recognised clearing corporation must constitute prescribed statutory committees: functional committees (including Member Selection and Nomination and Remuneration) and oversight committees (including Standing Committee on Technology, Regulatory Oversight and Risk Management); an Investment Committee is also prescribed. The composition, quorum and functions of these committees shall be as specified by the Board from time to time.
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