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The SEBI notification introduces amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2025. Key modifications include establishing cooling-off periods for non-independent directors and public interest directors transitioning between recognized stock exchanges, clearing corporations, or depositories. The amendments require prior Board approval for such appointments and specify that cooling-off periods will apply specifically when moving to competing entities. The regulations will come into force ninety days after publication in the Official Gazette, providing a structured framework for professional mobility while maintaining regulatory oversight in securities market governance.
The SEBI notification introduces amendments to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2025. Key modifications include establishing cooling-off periods for non-independent directors and public interest directors transitioning between recognized stock exchanges, clearing corporations, or depositories. The amendments require prior Board approval for such appointments and specify that cooling-off periods will apply specifically when moving to competing entities. The regulations will come into force ninety days after publication in the Official Gazette, providing a structured framework for professional mobility while maintaining regulatory oversight in securities market governance.
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