Sebi unveils framework to monitor shareholding in market infra institutions ...Middle East

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Sebi unveils framework to monitor shareholding in market infra institutions
Markets regulator Sebi on Monday introduced a framework to monitor shareholding limits, public shareholding requirements, and the "fit & proper" criteria for Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories. This framework applies to both listed and unlisted MIIs, requiring them to disclose their shareholding patterns quarterly on their websites as per Sebi's Listing Obligations (LODR) norms, the regulator said in a circular. Each MII must appoint a non-associated Designated Depository (DD) to monitor compliance with shareholding limits. For depositories, the other depository will act as their DD. The DD will monitor breaches

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