SEBI Chief Cites Privacy Pushback to Public Asset Disclosures Ahead of Dec. 17 Review
The board will weigh a panel’s transparency proposal after senior staff signaled they would share data internally but not in the public domain.
Overview
- SEBI Chairman Tuhin Kanta Pandey said senior officials are uncomfortable making their personal asset and liability details public on privacy grounds.
- Pandey noted officials are willing to provide the information internally to an independent office rather than release it publicly.
- The SEBI Board will consider the conflict-of-interest panel’s recommendation on December 17, and any implementation will depend on the board’s view.
- The panel proposed mandatory disclosure for officers at and above the chief general manager level, including executive directors, whole-time members and the chairperson.
- The committee was set up after conflict-of-interest allegations involving former chair Madhabi Puri Buch, which she and the Adani Group denied.