Sebi board to consider conflict of interest report on December 17: Pandey

THE BOARD OF the Securities and Exchange Board of India (Sebi) will on December 17 take up the report of a high-level panel, which has recommended public disclosure of assets of senior officers to avoid conflict of interest, Chairman Tuhin Kanta Pandey said on Friday. He expressed hope that the board will endorse the recommendations.

- FE BUREAU

Sebi’s high-level committee (HLC) submitted its report on Wednesday, suggesting stricter disclosures, investment controls, a new ethics office, a two-year cooling-off period for former officials, and mandatory recording of recusals to strengthen transparency and governance.

“The board will take a final call on the recommendations made in the report,’ Pandey said after inaugurating the Sebi pavilion at the India International Trade Fair.