SEBI mulls over overhaul of ‘fit and proper person’ framework governing market intermediaries

In its consultation paper, SEBI has suggested amendments to Schedule II of the Intermediaries Regulations, 2008. | Photo Credit: File Photo Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday (February 4, 2026) proposed a comprehensive overhaul of the ‘fit and proper person’ framework governing market intermediaries, aiming to bring greater procedural clarity…

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