Markets regulator amends eligibility criteria for executive director's post

The Securities and Exchange Board of India (Sebi) has amended the eligibility criteria for the post of executive director (ED), by restricting the position to internal candidates working only as legal professionals.

This means that candidates with a legal background cannot apply for ED positions that are vacant in the general stream.

The move comes ahead of the interview of internal candidates for the post of two EDs in the general stream, scheduled for August 13.

At present, at ED level, Sebi’s regulations don't formally recognise any particular stream or specialisation.

Amending the Employees Service Regulations, the government in a