SEBI Amends Stock Exchange Rules: Cooling-Off Periods for Directors Introduced to Enhance Market Governance and Prevent Conflicts

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Full Text of the Document

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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.....