## Report on the Securities and Exchange Board of India Employees' Service Second Amendment Regulations, 2022
**1. Executive Summary:**
This report analyzes the Securities and Exchange Board of India (SEBI) Employees' Service Second Amendment Regulations, 2022, as published in the Gazette of India on June 22, 2022. This amendment modifies the qualification criteria for officers in the Information Technology Stream within SEBI. The key change involves broadening the acceptable Bachelor's degree for officers in this stream and clarifying the postgraduate qualification requirements. This amendment aims to potentially expand the pool of eligible candidates for IT roles within SEBI and standardize qualification requirements.
**2. Introduction:**
This report provides a comprehensive overview of the Securities and Exchange Board of India Employees' Service Second Amendment Regulations, 2022 (hereafter referred to as "the Amendment"), based solely on the information provided in the official gazette notification. The purpose is to inform affected stakeholders about the changes introduced to the SEBI Employees' Service Regulations, 2001.
**3. Policy Overview:**
* The Amendment modifies the Securities and Exchange Board of India Employees' Service Regulations, 2001.
* The core objective, inferred from the provided text, is to revise and potentially broaden the eligibility criteria for recruitment and promotion of officers in the Information Technology Stream within SEBI.
**4. Background and Rationale:**
As an amendment to existing service regulations, the rationale for this specific change appears to be to update the qualification requirements for IT Stream officers. The original regulations may have been too restrictive, potentially limiting the pool of qualified applicants. The changes suggest a move towards accepting a broader range of Bachelor's degrees and a more standardized postgraduate qualification requirement. This could be in response to evolving industry standards and the need for a more diverse skill set within SEBI's IT workforce.
**5. Key Provisions / Changes:**
This Amendment specifically alters the qualification requirements as listed in the Table below the Schedule, column 3, within the Securities and Exchange Board of India Employees' Service Regulations, 2001.
* **Original Rule (as implied by the amendment):** The original rule specified acceptable Bachelor's degrees for officers in the Technical Stream as "Bachelors Degree in Engineering electrical electronics electronics and communication information technology computer science Masters in Computers Application Bachelors Degree in any discipline with a post graduate qualification minimum 2 years duration in computers information technology".
* **New Rule:** The amendment substitutes this with "Bachelors Degree in Engineering in any discipline or Bachelors Degree in any discipline with a post graduate qualification minimum 2 years duration in computer application information technology from a recognized University Institute for officers in Information Technology Stream."
* **Difference/Effect:** The primary change is the broadening of acceptable Bachelor's degrees. Previously limited to specific engineering disciplines, the amendment now allows *any* Bachelor's Degree in Engineering. Additionally, it clarifies that for those with a non-engineering Bachelor's degree, a postgraduate qualification in computer application or information technology with a minimum duration of 2 years from a recognized University/Institute is required. The amendment also changes "Technical Stream" to "Information Technology Stream", indicating a possible shift in focus.
**6. Target Audience and Stakeholders:**
The direct target audience and stakeholders include:
* SEBI employees, particularly those in the Information Technology Stream.
* Prospective candidates seeking employment within SEBI's IT department.
* SEBI's HR department and recruitment teams responsible for hiring and promoting IT personnel.
**7. Implementation Aspects (Inferred):**
* **Responsible agency:** The Securities and Exchange Board of India (SEBI) is the responsible body, with the Chairman, Madhabi Puri Buch, explicitly mentioned.
* **Timelines:** The amendment comes into force on the date of its publication in the Official Gazette, i.e., June 22, 2022. This implies immediate implementation of the revised qualification criteria.
* The implementation will likely involve updating recruitment guidelines, job descriptions, and promotion criteria to reflect the revised qualification requirements for the Information Technology Stream.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these specific changes include:
* **Wider Applicant Pool:** The broadened eligibility criteria are likely to increase the number of qualified applicants for IT positions within SEBI, leading to a more competitive selection process.
* **Flexibility in Hiring:** SEBI will have more flexibility in hiring candidates with diverse academic backgrounds, as long as they meet the minimum postgraduate qualification requirements.
* **Standardized IT Qualification:** The amendment aims to provide standardized IT qualification requirements
* **Improved IT Workforce:** By attracting a larger and more diverse pool of talent, SEBI aims to strengthen its IT workforce and enhance its technological capabilities.
**9. Conclusion:**
The Securities and Exchange Board of India Employees' Service Second Amendment Regulations, 2022, represents a significant update to the qualification requirements for officers in the Information Technology Stream. By broadening the acceptable Bachelor's degrees and clarifying postgraduate qualification requirements, SEBI aims to enhance its ability to attract and retain qualified IT professionals, ultimately contributing to the organization's overall effectiveness in regulating the securities market. This amendment is a crucial piece of information for current and prospective SEBI employees in the IT sector, as well as for the HR department responsible for recruitment and promotion.
Key Entities Referenced
SECURITIES AND EXCHANGE BOARD OF INDIA: Regulatory body for securities and commodity market in India.
Mumbai: City in Maharashtra, India; location of the notification.
Securities and Exchange Board of India Act, 1992: The act that provides the legal framework for SEBI's powers.
Securities and Exchange Board of India Employees' Service Regulations, 2001: Regulations governing the service conditions of SEBI employees.
Securities and Exchange Board of India Employees' Service Second Amendment Regulations, 2022: Amendment to the Securities and Exchange Board of India Employees' Service Regulations, 2001.
Madhabi Puri Buch: Chairman of the Securities and Exchange Board of India (SEBI).
Official Gazette: A public journal or newspaper of record
New Delhi: City in Delhi, India
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-22062022-236740
xxxGIDHxxx
CG-MH-E-22062022-236740
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 313] िई ददल्ली, बधु िार, ििू 22, 2022/आषाढ 1, 1944
No. 313] NEW DELHI, WEDNESDAY, JUNE 22, 2022/ASHADHA 1, 1944
भारतीय प्रजतभजू त और जिजिमय बोडड
अजधसचू िा
म ुंबई, 22 िूि, 2022
भारतीय प्रजतभजू त और जिजिमय बोडड
(कमचड ारी सिे ा) (दसू रा सिं ोधि) जिजियम, 2022
फा. स.ं सेबी/एल.ए.डी./एन.आर.ओ/िी.एि./2022/87.—बोडड, भारतीय प्रजतभूजत और जिजिमय बोडड
अजधजियम, 1992 (1992 का 15) की धारा 30 द्वारा प्रदान की गई िजियों का प्रयोग करत े हुए, एतद्द्वारा भारतीय
प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 का और संिोधि करि े के जलए जिम्नजलजखत जिजियम
बिाता ह,ै अर्ाडत:् -
1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम, 2022 कहा
िा सकेगा ।
2. ये जिजियम रािपत्र म ेंइिके प्रकािि की तारीख को लागू होंग े।
3. भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 म,ें -
I. अिुसूची म ें दी हुई सारणी में, कॉलम 3 म,ें िब्दों, जचह्िों तर्ा अंक “तकनीकी धारा म ेंअधधकाररयों के
धिए इुंजीधनयररुंग [धिद्य त (इिेधरिकि) / इिेरिॉधनरस / इिेरिॉधनरस एिुं कम्यूधनकेशन / सूचना
प्रौद्योधगकी (इन्फॉमेशन टेक्नोिॉजी) / कुंप्यूटर धिज्ञान] म ेंस्नातक की उपाधध / कुंप्यूटर एप्िीकेशन म ें
मास्टर की उपाधध / ककसी भी धिषय (धशक्षा-शाखा) म ेंस्नातक की उपाधध [कुंप्यूटर / सूचना प्रौद्योधगकी
4170 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
म ेंस्नातकोत्तर (धजसकी अिधध कम स ेकम 2 िषों की हो) के साथ]” के स्ट्र्ाि पर, िब्द, जचह्ि तर्ा अंक
“सूचिा प्रौद्योजगकी धारा म ेंअधधकाररयों के धिए दकसी मान्यताप्राप्त जिश्वजिद्यालय / संस्ट्र्ाि से दकसी
भी जिषय (जिक्षा-िाखा) में इुंजीधनयररुंग म ेंस्नातक की उपाधध या कुंप्यूटर एप्िीकेशन / सूचना
प्रौद्योधगकी (इन्फॉमेशन टेक्नोिॉजी) म ेंस्नातकोत्तर (धजसकी अिधध कम स ेकम 2 िषों की हो) के सार्
दकसी भी जिषय में स्नातक की उपाजध” आ िाएंग े ।
माधबी पुरी बुच, अध्यक्ष
[जिज्ञापि III/4/असा./132/2022-23]
पाद टिप्पण :
1. भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001, का.आ. स.ं 857(अ), 6 जसतम्बर 2001
को भारत के रािपत्र म ेंप्रकाजित हुए र् े।
2. भारतीय प्रजतभजू त और जिजिमय बोडड (कमडचारी सेिा) जिजियम, 2001 तत्पश्चात् –
(क) 23 ददसम्बर 2003 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम,
2003, फा.स.ं भाप्रजिबो/जिजध/15/2003, द्वारा
(ख) 25 मई 2004 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमचड ारी सेिा) (सिं ोधि) जिजियम, 2004,
का.आ. स.ं 623(अ), द्वारा
(ग) 11 अप्रैल 2007 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2007,
फा.स.ं 11/एल सी/िी एि/2006/2143, द्वारा
(घ) 14 िििरी 2010 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम,
2010, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2009-10/28/190983, द्वारा
(ङ) 12 अिूबर 2010 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि)
जिजियम, 2010, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./ िी.एि./2010-11/17/22954, द्वारा
(च) 10 अिूबर 2011 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम,
2011, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2011-12/26/31671, द्वारा
(छ) 2 मई 2012 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2012,
अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./ 2012-13/03/5290, द्वारा
(ि) 19 ििम्बर 2012 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि)
जिजियम, 2012, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./ िी.एि./2012-13/22/5429, द्वारा
(झ) 8 अिूबर 2013 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम,
2013, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि/2013-2014/27/6721, द्वारा
(ञ) 26 फरिरी 2015 को भारतीय प्रजतभूजत और जिजिमय बोड ड (कमडचारी सेिा) (संिोधि) जिजियम,
2015, अजधसूचिा स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2014-15/22/366, द्वारा
(ि) 21 अप्रलै 2015 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2015, अजधसूचिा स.ं सेबी/एि.आर.ओ/ओ.आई.ए.ई./िी.एि. 2015-16/002, द्वारा
(ठ) 30 ििम्बर 2016 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम,
2016, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/016, द्वारा
(ड) 15 ददसम्बर 2016 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि)
जिजियम, 2016, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/024, द्वारा[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
(ढ) 27 अप्रैल 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2017,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/001, द्वारा
(ण) 17 मई 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2017, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/002, द्वारा
(त) 13 िुलाई 2017 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (तीसरा संिोधि)
जिजियम, 2017, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2017-18/010, द्वारा
(र्) 27 अप्रैल 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2018,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/09, द्वारा
(द) 31 मई 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (दसू रा संिोधि) जिजियम,
2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/18, द्वारा
(ध) 13 अगस्ट्त 2018 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (तीसरा संिोधि) जिजियम,
2018, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/29, द्वारा
(ि) 8 मई 2019 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2019,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/15, द्वारा
(प) 5 अगस्ट्त 2020 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम, 2020,
अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/26, द्वारा
(फ) 24 िििरी 2022 को भारतीय प्रजतभूजत और जिजिमय बोडड (कमडचारी सेिा) (संिोधि) जिजियम,
2022, अजधसूचिा स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/65, द्वारा
संिोजधत हुए र् े।
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 22nd June, 2022
SECURITIES AND EXCHANGE BOARD OF INDIA (EMPLOYEES’ SERVICE) (SECOND
AMENDMENT) REGULATIONS, 2022
F. No. SEBI/LAD-NRO/GN/2022/87.—In exercise of the powers conferred by section 30 of the
Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following
regulations to further amend the Securities and Exchange Board of India (Employees' Service) Regulations,
2001, namely: -
1. These regulations may be called the Securities and Exchange Board of India (Employees' Service)
(Second Amendment) Regulations, 2022.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Employees' Service) Regulations, 2001—
I. in the Table below the Schedule, in column 3, the words, numbers and symbols,
“Bachelor’s Degree in Engineering (electrical/ electronics/ electronics and communication/
information technology/ computer science)/ Masters in Computers Application/ Bachelor’s
Degree in any discipline with a post graduate qualification (minimum 2 years duration) in
computers/ information technology for officers in Technical Stream” shall be substituted
with the words, numbers and symbols, “Bachelor’s Degree in Engineering in any discipline
or Bachelor’s Degree in any discipline with a post graduate qualification (minimum 2 years
duration) in computer application/ information technology from a recognized University/
Institute for officers in Information Technology Stream”.
MADHABI PURI BUCH, Chairman
[ADVT.-III/4/Exty./132/2022-23]4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
Footnotes:
1. The Securities and Exchange Board of India (Employees’ Service) Regulations, 2001, were published in
the Gazette of India on 6th September, 2001 vide S.O. No. 857(E).
2. The Securities and Exchange Board of India (Employees’ Service) Regulations, 2001, were subsequently
amended on –
(a) On 23rd December, 2003 by the Securities and Exchange Board of India (Employees’
Service) (Amendment) Regulations, 2003 vide F. No. SEBI/LE/15/2003.
(b) On 25th May, 2004 by the Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2004 vide S.O. No.623 (E).
(c) On 11th April, 2007 by the Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2007 vide F. No.11/LC/GN/2006/2143.
(d) On 14th January, 2010 by the Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2010 vide notification No. LADNRO/GN/2009-10/28/190983.
(e) On 12th October, 2010 by the Securities and Exchange Board of India (Employees’ Service)
(Second Amendment) Regulations, 2010 vide notification No. LAD-NRO/GN/2010-
11/17/22954.
(f) On 10th October, 2011 by the Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2011 vide notification No. LAD-NRO/GN/2011-12/26/31671.
(g) On 2nd May 2012 by the Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2012 vide notification No. LADNRO/GN/2012-13/03/5290.
(h) On 19th November 2012 by the Securities and Exchange Board of India (Employees’ Service)
(Second Amendment) Regulations, 2012 vide notification No. LAD-NRO/GN/2012-
13/223/5429.
(i) On 8th October, 2013 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2013 vide notification No. LADNRO/GN/2013-14/27/6721.
(j) On 26th February, 2015 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2015 vide notification No. LAD-NRO/GN/2014-15/22/366.
(k) On 21st April, 2015 by Securities and Exchange Board of India (Employees' Service) (Second
Amendment) Regulations, 2015 vide notification No. SEBINRO/OIAE/GN/2015-16/002.
(l) On 30th November, 2016 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-17/016.
(m) On 15th December, 2016 by Securities and Exchange Board of India (Employees’ Service)
(Second Amendment) Regulations, 2016 vide notification No. SEBI/LAD/NRO/GN/2016-
17/024.
(n) On 27th April, 2017 by Securities and Exchange Board of India (Employees’ Service)
(Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/001.
(o) On 17th May, 2017 by Securities and Exchange Board of India (Employees' Service) (Second
Amendment) Regulations, 2017 vide notification No. SEBI/LAD/NRO/GN/2017-18/002.
(p) On 13th July, 2017 by Securities and Exchange Board of India (Employees’ Service) (Third
Amendment) Regulations, 2017 vide notification No. SEBI/LAD-NRO/GN/2017-18/010.
(q) On 27th April, 2018 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/09.
(r) On 31st May, 2018 by Securities and Exchange Board of India (Employees' Service) (Second
Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/18.
(s) On 13th August, 2018 by Securities and Exchange Board of India (Employees' Service) (Third
Amendment) Regulations, 2018 vide notification No. SEBI/LAD-NRO/GN/2018/29.[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 5
(t) On 8th May 2019 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2019 vide notification No. SEBI/LAD-NRO/GN/2019/15.
(u) On 5th August, 2020 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2020 vide Notification No. SEBI/ LAD-NRO/GN/2020/26.
(v) On 24th January, 2022 by Securities and Exchange Board of India (Employees' Service)
(Amendment) Regulations, 2022 vide Notification No. SEBI/ LAD-NRO/GN/2022/65.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.