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Time of India
4 days ago
- Business
- Time of India
Sebi issues guidelines for MIIs to review penalty waiver requests
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets watchdog Sebi on Tuesday issued new guidelines for market infrastructure institutions (MIIs) stock exchanges, clearing corporations and depositories for handling requests to review or waive penalties related to regulatory the new guidelines, if the action was taken by the Internal Committee (IC) or based on a pre-approved policy of the MII, then the Member Committee (MC) will still handle the review, appeal, or waiver requests, Sebi said in its the action was taken by the MC itself, such requests will now be handled by a new mechanism formed by the governing board of the new body will include public interest directors and/or independent external professionals, who are not part of the governing board are also required to establish a Standard Operating Procedure (SOP) for handling such cases. If members or participants are not satisfied with the outcome of this process, they are free to approach the appropriate legal authorities as per the applicable the current guideline, any request for review, appeal, or waiver of a penalty needs to be presented to the Member Committee (MC) of the concerned provisions will come into effect 45 days from the date of this circular.
News18
17-07-2025
- Politics
- News18
Gurumurthy Palani, Anurag Bhatnagar, Gurdeep Klair Join ICC Chief Executives' Committee
Alongside Damodar and Renganathan, Tim Cutler (Vanuatu), Stella Siale (Samoa), and Sarah Gomersall (Jersey) were contenders in the CEC elections, which involved votes from 40 associate members and five regional representatives from the Americas, Asia, Africa, Europe, and East Asia-Pacific. The CEC is one of the ICC's most authoritative boards, including representatives from all Full Member nations and elected Associate Members. It plays a crucial role in shaping policies and governance regarding the promotion and organisation of cricket at the international level. The Associate Member seats are vital as they serve as a bridge between the ICC's main board and its member countries outside of it. According to ICC rules, candidates for CEC elections must be representatives of an Associate Member or a current or former ICC director. Palani, Bhatnagar, and Klair will serve two-year terms and will also join the Associate Member Committee, which governs and regulates cricket at the Associate level. The elections for these coveted Associate Member seats on the CEC marked the beginning of the ICC's Annual General Meeting (AGM) in Singapore on Thursday, set to continue until July 20. This AGM is notable as it is the first major ICC meeting under chairman Jay Shah and newly-appointed CEO Sanjog Gupta.
