New Guidelines Enhance Governance and Accountability for Stock Exchanges and Depositories to Protect Investors.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....This circular provides guidelines to stock exchanges, clearing corporations, and depositories to enhance accountability, supervision, monitoring mechanisms, and governance standards. Key points include separate meetings for public interest directors to review compliance, reporting by compliance officers and chief risk officers, disclosure of board meeting agendas and minutes, disciplinary procedures for key managerial personnel, strengthening whistle-blower policies, adopting technologies for regulatory oversight, monitoring members/participants and outsourced vendors, training for directors, data sharing policies, streamlining director appointments, and ensuring independence of key officers. The guidelines aim to protect investor interests and promote securities market development through improved governance and regulatory compliance by market infrastructure institutions.....