The Securities and Exchange Board of India (SEBI) proposed sweeping changes on Wednesday to the administration of stock exchanges and clearing corporations, as well as the merger of investor protection funds for the equity and commodity derivatives segments.

Some of the key proposals include evaluating the performance of public interest directors, introducing timelines for the norms applicable to exclusively listed companies, and removing several obsolete requirements.

Single IPF

As reported by b usinessline earlier, the regulator has proposed merging the IPFs for the equity segment and the commodity segment of the exchanges to constitute a single IPF.

A single IPF would result in the simplification of the requirement for the exchanges. However, the merger of IPFs will be subject to

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