Sebi wants NSE to give four names for top job

Market regulator to then select from the shortlist

Capital market regulator Securities and Exchange Board of India (Sebi) wants the National Stock Exchange of India (NSE) to send the names of four likely candidates for the top job at the exchange. Sebi will then select the chief executive officer-cum-managing director from among this shortlist of names, sources said.

This seems to be a departure from the usual practice of selecting an exchange chief — whereby it is the exchange that zeroes in on one candidate of its choice and forwards the name to the market regulator for final approval. “NSE will have to send us four names. We