Key management personnel definitions clarify role, reporting and identification criteria for designation across regulated market entities. Regulatory definitions designate key management personnel by role and reporting lines: managing or executive directors; heads of departments or core functions who report to the managing director or board; senior officials above such heads; reporting officials; persons qualifying as key managerial personnel under company law; and other key decision makers identified by the managing director or the Nomination and Remuneration Committee. For subsidiaries regulated by another financial sector regulator, that regulator's norms may be considered for KMP designation.