SEBI Considers Overhaul of Fit and Proper Person Rules for Market Intermediaries

SEBI is considering a comprehensive overhaul of the ‘fit and proper person’ framework governing market intermediaries to strengthen regulatory oversight. The proposed review may expand eligibility checks, tighten disclosure norms, and introduce continuous monitoring of entities operating in capital markets. The move aims to improve governance standards, enhance investor protection, and ensure higher accountability across regulated intermediaries.