<h1>Cabinet Amends SEBI Act's Section 15M to Include High Court Judges for Securities Appellate Tribunal Presiding Officer Role.</h1> The Cabinet approved an amendment to Section 15M of the SEBI Act, 1992, expanding the qualifications for the Presiding Officer of the Securities Appellate Tribunal. The amendment allows for the inclusion of sitting or retired High Court judges with at least seven years of service. This change aims to ease the selection process for the position, which had been challenging due to stringent qualifications. The amendment will be introduced as a Bill in Parliament, replacing the existing Ordinance. There are no financial implications associated with this proposal.