SEBI Board to Weigh Conflict-of-Interest Reform Report on Dec. 17

The review follows an expert panel blueprint to rebuild investor trust through tighter disclosure, stronger ethics oversight, and stricter trading limits.

Overview

SEBI Chairman Tuhin Kanta Pandey said the board will take up the panel’s report on December 17 and decide on the recommendations.
The panel seeks public disclosure of assets and liabilities by the chairman, whole-time members, and chief general manager-rank officers.
It proposes a secure anonymous whistleblower channel, a ban on expensive gifts, a two-year restriction on post-retirement roles, and a Chief Ethics and Compliance Officer.
Recommendations include uniform trading and investment restrictions for top officials, inclusion of the chairman and whole-time members under the insider definition, and a two-year cooling-off before appearing before or against SEBI in specified matters.
The expert group, chaired by former CVC Pratyush Sinha, submitted its 98-page report this month after a review launched in March following conflict-of-interest allegations involving a former SEBI chief.