The Securities and Exchange Board of India (SEBI) has constituted a High-Level Committee to comprehensively review its framework on conflicts of interest and disclosures, including disclosures relating to property, investments and liabilities, for SEBI’s members and officials. The committee is tasked with recommending enhancements to strengthen how conflicts and disclosures are managed. The High-Level Committee is chaired by Pratyush Sinha, with Injeti Srinivas as vice chairman, and includes Uday Kotak, G Mahalingam, Sarit Jafa and Prof. R Narayanaswamy. Its terms of reference cover identifying gaps or ambiguities in existing policies, proposing a more robust conflict management framework including a recusal policy, public disclosure requirements, restrictions on investments, digital record-keeping and monitoring arrangements, and designing a mechanism for the public to raise concerns and for complaints to be examined. The committee is expected to submit recommendations within three months from its constitution, after which they will be placed before the SEBI Board for consideration.
Securities & Exchange Board of India 2025-04-09
Securities and Exchange Board of India forms high-level committee to review conflicts of interest and disclosure requirements for SEBI members and officials
The Securities and Exchange Board of India (SEBI) has formed a High-Level Committee to review and enhance its framework on conflicts of interest and disclosures for members and officials. Chaired by Pratyush Sinha, the committee will address policy gaps and propose improvements, including a recusal policy, public disclosure requirements, and digital monitoring. Recommendations are due within three months for SEBI Board consideration.