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    <title>International Financial Services Centres Authority (Market Infrastructure Institutions) (Amendment) Regulations, 2024</title>
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    <description>Recognised market infrastructure institutions must comply with institutional and individual codes of conduct, establish specified committees, and adopt key management personnel compensation policies containing malus and clawback arrangements. They must identify core and critical functions, place them in critical operations, regulatory and control, and other-function verticals, and ring-fence regulatory, legal, compliance, risk management and investor-grievance functions. Governance requirements address board composition, director eligibility, public interest director and managing director tenure, conflicts, disclosures and Authority-appointed directors. Clearing corporations must also maintain orderly winding-down arrangements for settlement, positions and member assets.</description>
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