BSE Invites Applications for 3 Executive Director Roles Under SEBI Guidelines

BSE Limited has opened applications for 3 Executive Director (ED) positions as part of regulatory requirements set by the Securities and Exchange Board of India (SEBI).  

This follows a SEBI circular issued on December 12, 2025, which requires market infrastructure institutions to appoint Executive Directors for key functions at the board level. 

The exchange has sought applications for ED-Critical Operations, ED-Regulatory Compliance, Risk Management and Investor Grievances, and ED-Business. 

Mandatory and Optional Roles 

Under SEBI norms, appointments for critical operations and regulatory compliance are mandatory for market infrastructure institutions such as stock exchanges, clearing corporations and depositories. The ED-Business role, while not compulsory, has also been included by BSE in the current hiring process. 

According to the advertisement, all 3 positions will be board-level roles and will report to the managing director and the governing board. 

Tenure and Board Composition 

Each executive director will be appointed for a maximum of 2 terms of 5 years each. The upper age limit for the roles has been fixed at 65 years. 

BSE’s board is currently chaired by Public Interest Director Subhasis Chaudhuri. The exchange is headed by Sundararaman Ramamurthy as managing director and chief executive officer. The board also comprises 4 other public interest directors and one non-independent director. 

Role-Specific Responsibilities 

The ED-Critical Operations will oversee technology, information security and exchange operations. The role requires a master’s degree in technology or engineering and more than 20 years of experience in relevant areas. 

The ED-Regulatory Compliance, Risk Management and Investor Grievances will handle regulatory compliance, enterprise risk management and investor grievance redressal. Candidates must hold a master’s degree in finance, economics, law or allied disciplines, along with over two decades of experience. 

The ED-Business will be responsible for business development, product initiatives and market-related activities across exchange segments. A master’s degree in business administration, finance or economics is required.  

Professional qualifications such as chartered accountant, cost and management accountant or company secretary are also eligible, subject to experience norms. 

Read More: RBI Raises Concern Over Commission-Led Costs in Insurance Sector! 

Conclusion 

The last date to apply for the executive director positions is January 30, 2026. Other market infrastructure institutions are expected to advertise similar roles to meet SEBI’s governance framework. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
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