Advisory Committee composition altered to remove member parity restriction, enabling wider participation by trading and clearing members. The parity requirement that Public Interest Directors not be fewer than other members shall not apply to the Advisory Committee; the Annexure clause mandating that PID numbers be at least equal to shareholder directors and trading/clearing/depository participants is deleted for the Advisory Committee. MIIs must amend bye-laws, notify members, publish the change, and report implementation in the Monthly Development Report.
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Advisory Committee composition altered to remove member parity restriction, enabling wider participation by trading and clearing members.
The parity requirement that Public Interest Directors not be fewer than other members shall not apply to the Advisory Committee; the Annexure clause mandating that PID numbers be at least equal to shareholder directors and trading/clearing/depository participants is deleted for the Advisory Committee. MIIs must amend bye-laws, notify members, publish the change, and report implementation in the Monthly Development Report.
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