Sebi weighs easing AMC pay disclosure requirements

The move signals shift away from employee-level disclosures to a consolidated framework

- Apoorva Ajith

The Securities and Exchange Board of India (Sebi) has proposed a review of disclosure rules for remuneration of mutual fund executives, signalling a possible shift away from employee-level salary disclosures towards a more consolidated framework.

In a consultation paper issued on Wednesday, the markets regulator sought comments on proposals to rationalize existing disclosure requirements while maintaining transparency for investors. The move follows industry representations that the current framework is over-granular, raises privacy concerns and offers limited additional value to investors.

Under the existing rules, asset management companies (AMCs) must disclose the names, designations and remuneration of their chief executive, chief investment and chief operating officer, along with details of the top 10 highest-paid employees and all employees whose remuneration exceeds specified thresholds.