2025-11-22
The Securities and Exchange Board of India (SEBI) issued the Fourth Amendment Regulations, 2025, to further amend the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018. These regulations mandate that recognized stock exchanges and clearing corporations appoint executive directors to head specific verticals and introduce new statutory roles for Chief Technology Officers and Chief Information Security Officers. The amendments also redefine the roles, responsibilities, and appointment conditions for managing directors while establishing strict governance and risk management frameworks.